The current price of Internet Computer (ICP) stands at $3.04, reflecting a 1.99% increase over the last 24 hours. The daily trading range has been relatively tight, with a high of $3.07 and a low of $2.97, indicating a constrained market environment.

Volume over the past 24 hours is approximately 91 million, with a volume-to-market cap ratio of 5.54%, suggesting moderate trading activity. The hourly moving averages show a bullish trend, with the 8 SMA at $3.01 up by 1.06% and the 13 SMA at $3.00 up by 1.19%, reinforcing short-term upward momentum.

The 1-hour Relative Strength Index (RSI) is currently at 63, indicating that ICP may be approaching overbought conditions in the short term. In contrast, the 7-day RSI is at 49, suggesting that ICP is neither overbought nor oversold in the medium term, which could allow for further price movement without immediate correction.

Over the past 30 days, ICP has experienced a significant price decline of approximately 17.48%. However, the 14-day price change is positive at 4.25%, indicating a potential recovery phase after a bearish trend, even if short-lived.

The all-time high for ICP remains at $700.65, achieved on May 10, 2021, highlighting the substantial distance from current levels. This data indicates that while there is potential for growth, ICP's current price reflects a significant drop from its peak, necessitating cautious optimism.

Based on the technical indicators and recent price action, the recommendation for Internet Computer (ICP) is a Hold. The short-term bullish signals are tempered by the overall negative trend over the last month and the distance to historical highs, suggesting that while there is potential for upward movement, caution is warranted in the current environment.