Uniswap (UNI) is currently trading at $3.29, reflecting a notable 24-hour decline of 7.81%. The price has remained stagnant, hitting a 24-hour high of $3.58 and a low of $3.29, indicating limited volatility with a daily range of just 0.29%.

The trading volume over the last 24 hours stands at approximately $167.7 million, with a volume-to-market cap ratio of 8.04%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages (8 SMA at $3.47 and 13 SMA at $3.48) are showing bearish trends with declines of 5.07% and 5.42% respectively, indicating downward momentum in the price action.

The 1-hour RSI is at an extremely low level of 16, signaling that UNI is oversold in the short term. In contrast, the 7-day RSI is at 44, suggesting that while there is some bearish momentum, it has not yet entered oversold territory, leaving room for potential recovery.

Over the past week, UNI has experienced a price decrease of 6.35%, while the 14-day and 30-day price changes are even more pronounced at -5.30% and -32.51%, respectively. This sustained downtrend highlights a significant bearish sentiment around UNI, reinforced by the fact that it is currently trading far below its all-time high of $44.92 set in May 2021.

In summary, the combination of a low RSI, bearish moving averages, and recent price declines indicates that UNI is struggling to find support at current levels. Given the lack of positive momentum and the bearish technical indicators, a Sell rating is warranted as the potential for further downside remains high in the near term.