Uniswap (UNI) is currently trading at $3.91, reflecting a slight decline of 1.65% over the past 24 hours. The daily price range has been tight, with a high of $3.98 and a low of $3.84, indicating limited volatility and a lack of strong momentum.

Trading volume stands at 189,205,203, which translates to a volume-to-market cap ratio of 7.63%. This suggests a relatively active trading environment, though the price action does not currently reflect bullish sentiment, as evidenced by the negative 7-day price change of nearly 16%.

The short-term moving averages show mixed signals; the 8-period and 13-period SMAs are slightly positive, while the 21-period SMA has turned negative. The 144-period SMA is significantly lower at $4.18, indicating a bearish longer-term trend, as it has dropped by 6.55%.

The Relative Strength Index (RSI) is at 45 for the 1-hour period, suggesting that UNI is neither overbought nor oversold in the immediate term. However, the 7-day RSI at 38 indicates an oversold condition, potentially setting the stage for a reversal if buying interest picks up.

Over the last 30 days, UNI has experienced a significant decline of over 34%, indicating persistent downward pressure. The all-time high of $44.92 achieved in May 2021 is a stark reminder of the asset’s long-term potential, but current market dynamics suggest a challenging environment.

Given the current price action, mixed signals from moving averages, and the oversold RSI, a cautious approach is warranted. Therefore, the recommendation for Uniswap (UNI) is a Hold rating, as investors should observe for signs of stabilization or reversal before making further commitments.