Uniswap (UNI) is currently trading at $5.31, reflecting a 24-hour decline of 3.61%. The price movement has been contained within a daily range of $5.25 to $5.57, indicating a relatively stable trading environment despite the downward trend.

The volume for the past 24 hours stands at approximately $310.94 million, with a volume-to-market cap ratio of 9.22%, suggesting moderate trading activity compared to its overall market capitalization. The hourly moving averages indicate a bearish sentiment; the 8 and 13 SMA are both slightly below the current price, while the 21 and 55 SMAs are further above, showing that recent price action has lagged behind these averages.

The 1-hour RSI is at 37, indicating that UNI is nearing oversold conditions, which could suggest a short-term rebound might be imminent. Conversely, the 7-day RSI of 47 shows that the asset is not yet in an oversold territory, reflecting weak momentum over the week with a price drop of 3.37%.

Over the past 14 days, UNI has seen a more pronounced decline of approximately 7.82%, while the 30-day price change is positive at 4.56%. This suggests that the asset has experienced volatility, with a recent shift to negative performance, which may indicate a loss of bullish momentum.

In the context of historical performance, UNI’s all-time high of $44.92, achieved on May 3, 2021, remains significantly above current price levels, underscoring the potential for recovery but also highlighting substantial downside from current valuations. The current price levels are also below the longer-term SMAs, indicating persistent bearish pressure and lack of strong buying support.

Considering the current technical indicators, the negative price momentum, and the positioning relative to moving averages, a cautious approach is warranted. Therefore, the rating for Uniswap (UNI) is a Hold, as the asset may be approaching oversold conditions, but further confirmation of a trend reversal is needed before initiating new positions.