Uniswap (UNI) is currently priced at $4.75, reflecting a 4.97% decline over the last 24 hours. The daily trading range has been narrow at 0.28%, with the highest price reaching $5.04 and the lowest at $4.76, indicating limited volatility in the current market environment.

Volume stands at approximately 264.6 million UNI, translating to a Vol/Market Cap ratio of 8.76%, suggesting moderate trading activity relative to its market capitalization. The moving averages indicate a bearish trend, with the 8 SMA at $4.94 showing a decline of 3.75%, and longer-term SMAs reflecting even more significant downturns, particularly the 144 SMA at $5.30, down 10.32%.

The Relative Strength Index (RSI) metrics indicate that UNI is in oversold territory, with a 1-hour RSI of 20, while the 7-day RSI is at 35. This is a strong signal of downward momentum, as both RSI readings suggest a lack of bullish pressure and potential for continued selling.

From a broader perspective, UNI has seen significant price depreciation, with a 7-day price change of -15.22% and a 14-day change of -22.58%. Over the last 30 days, the price has decreased by 22.02%, underscoring a consistent bearish trend and loss of investor confidence since the all-time high of $44.92 in May 2021.

Given the substantial downward pressure reflected in the technical indicators and the overextended bearish sentiment in the market, a cautious approach is warranted. The persistent decline in price and weak RSI signals suggest that the market is not yet showing signs of recovery.

Rating: Sell. The current trend indicates continued bearish momentum, and the lack of strong support levels or bullish signals necessitates a sell position until clearer signs of stabilization and upward movement emerge.