Uniswap's current price stands at $3.14, reflecting a significant 24-hour decline of 16.04%. This drop occurred after reaching a daily high of $3.76 and a low of $2.95, indicating heightened volatility and a bearish sentiment in the short term.

Trading volume over the last 24 hours is robust at approximately $668 million, with a volume-to-market cap ratio of 33.62%, suggesting strong investor activity despite the price drop. The hourly moving averages indicate a downward trend, with the 8 SMA at $3.28, representing a 4.36% decline, while the longer-term 144 SMA is considerably higher at $3.87, signaling potential resistance levels.

The Relative Strength Index (RSI) for the past hour is extremely low at 16, indicating that UNI is oversold and may be due for a corrective bounce. However, the 7-day RSI at 38 is still below the neutral 50 threshold, reflecting a persistent bearish momentum over the past week, alongside a steep 7-day price drop of over 26%.

Looking at the broader trend, UNI has lost 35.30% over the past two weeks and a striking 47.90% in the last month, suggesting that the asset is under significant selling pressure. The all-time high for UNI was $44.92, recorded in May 2021, and the current price reflects a drastic depreciation, raising concerns over long-term investor sentiment.

Given the current oversold conditions indicated by the low RSI, a short-term price recovery could be possible, but the prevailing bearish trend and significant downward price momentum suggest caution. Therefore, the current recommendation is to Hold UNI, as a potential rebound may present a better exit strategy for those looking to mitigate losses or evaluate further investment opportunities.