**Internet Computer Faces Bearish Sentiment Amid Market Downturn**

Internet Computer (ICP) has experienced a significant decline, trading at $7.67 after a 3.39% drop in the last 24 hours. This underperformance is notable against the broader cryptocurrency market, which saw a 3.82% decrease in the same period. ICP also fell by 2.65% against Bitcoin and 3.01% against Ethereum.

Despite a long-term gain of 149.71% over the past year, the medium-term outlook remains bleak with a 23.81% drop in the last three months. Technical indicators overwhelmingly signal a bearish trend, with 23 out of 29 indicators predicting further declines.

The Fear & Greed Index currently reads "Greed" at 71, suggesting an overvalued market. Key support levels for ICP are $7.81, $7.71, and $7.55, while resistance levels are $8.07, $8.23, and $8.33. Investors should approach with caution as the market sentiment remains pessimistic.