Uniswap (UNI) is currently trading at $4.81, reflecting a 24-hour decline of 3.90%. The price has fluctuated between a daily high of $5.02 and a low of $4.73, indicating a relatively narrow range of $0.29 over the past day, which suggests decreased volatility.

The trading volume stands at approximately $299.6 million, contributing to a volume-to-market cap ratio of 9.82%. This level of trading activity indicates a moderate interest in UNI, yet the recent downtrend in price could signal caution among traders as the 7-day and 14-day price changes are both negative, with declines of 16.78% and 19.97%, respectively.

Technical indicators show mixed signals, with the 1-hour Relative Strength Index (RSI) at 39, suggesting the asset is nearing oversold conditions. However, the longer-term RSI metrics reflect weakness, with the 7-day RSI at 40, indicating ongoing bearish momentum.

Examining the moving averages reveals that the shorter-term 8 SMA is currently at $4.77 and is slightly positive at +0.94%, while the longer-term averages trend downward. The 21 SMA at $4.85 is already showing a decline of 0.93%, and the 55 SMA at $4.98 has dropped by 3.47%, reinforcing the bearish outlook.

Given the current price dynamics, a significant gap from the all-time high of $44.92 reached in May 2021 indicates that UNI is still in a corrective phase. The combination of negative price trends and weak technical indicators suggests that the asset is not poised for immediate recovery.

In conclusion, the current analysis indicates a Sell rating for Uniswap (UNI). The persistent downtrend in both price and momentum, coupled with bearish moving averages, suggests that traders should consider exiting positions until clearer bullish signals emerge.