Uniswap (UNI) is currently trading at $4.63, reflecting a 4.94% decline over the past 24 hours. The daily range is narrow, with a high of $4.88 and a low of $4.54, indicating reduced volatility in the market.

The trading volume stands at approximately $326.68 million, which corresponds to 11.12% of its market cap, suggesting a moderate level of investor interest. The moving averages reveal mixed signals; while the 8 and 13-hour SMAs show slight upward trends, longer-term SMAs (21, 55, and 144) indicate downward pressure.

The RSI metrics indicate bearish momentum, with the 1-hour RSI at 36 and the 7-day RSI at 46, suggesting potential oversold conditions but not yet reaching a reversal point. Additionally, the 7-day, 14-day, and 30-day price changes show substantial declines of -7.26%, -14.11%, and -22.59%, respectively, highlighting a strong downtrend in the asset.

Given the technical indicators and the recent price action, Uniswap is struggling to find support at current levels, and the bearish sentiment is prevailing. The proximity of current prices to lower moving averages suggests continued downward pressure unless a significant catalyst emerges.

Based on this analysis, the rating for Uniswap (UNI) is a Hold. While the asset has shown potential for short-term recovery, the prevailing downtrend and bearish indicators suggest that entering a new position at this time may not be advisable.