Uniswap (UNI) is currently trading at $3.78, reflecting a 24-hour decline of 5.47%. The price has seen a daily range of $3.73 to $4, with a volume of approximately 274.3 million UNI, indicating significant trading activity.

The technical indicators reveal a bearish short-term sentiment, as the hourly moving averages are trending downward with the 8 SMA at $3.87 and a decrease of 2.22%. The RSI on the 1-hour timeframe is at 32, suggesting that UNI is currently oversold, while the 7-day RSI at 52 indicates a neutral trend over a longer period.

Over the past week, UNI has seen a price increase of approximately 11.20%, and over the past 14 days, it has gained about 13.93%. However, the 30-day price change shows a significant decline of 21.87%, indicating volatility and potential weakness in the longer-term outlook.

With the volume-to-market cap ratio at 11.48%, there is active trading interest, but the current price remains significantly below its all-time high of $44.92 reached in May 2021. The bearish pressure evidenced by the declining short-term moving averages, coupled with the oversold RSI, suggests that investors may be cautious in entering new positions at this time.

Considering the current market conditions, the combination of recent price declines and the oversold RSI indicates a potential short-term rebound but caution is advised given the longer-term downtrend. Therefore, the recommendation is to Hold UNI, monitoring for a potential stabilization or upward momentum before making any new purchases.