Uniswap (UNI) is currently priced at $7.22, experiencing a slight decline of 0.64% over the past 24 hours. The daily trading range has been relatively narrow, with a high of $7.73 and a low of $7.11, indicating low volatility in the immediate term.

Volume stands at approximately 697 million, representing 15.32% of the market cap, which suggests a healthy trading activity relative to its overall valuation. However, the hourly moving averages indicate downward pressure, with the 8 SMA at $7.40 reflecting a 2.45% decline, signaling potential short-term bearish sentiment.

The 1-hour RSI is at 31, suggesting that UNI may be oversold in the very short term, while the 7-day RSI at 48 indicates a neutral stance, with no clear momentum in either direction. The 7-day price change shows a significant decline of 16.27%, which could imply recent bearish sentiment, although the 14-day change of 38.82% indicates a recovery phase that may provide some support.

The price of UNI is significantly below its all-time high of $44.92, which was reached in May 2021, indicating a long-term downtrend from that peak. Given the mixed signals from the RSI indicators and the recent price changes, the current market conditions suggest caution.

Overall, with the recent bearish trend and the lack of strong upward momentum, I would assign a Hold rating to Uniswap (UNI) at this time. This recommendation stems from the potential for a short-term bounce due to oversold conditions, but long-term investors should remain vigilant given the downward trajectory and current market dynamics.