Uniswap (UNI) is currently trading at $6.17, reflecting a slight decline of 0.47% over the past 24 hours. The daily price range has been tight, with a high of $6.33 and a low of $6.08, indicating low volatility and market uncertainty.

The trading volume stands at approximately $345.62 million, with a volume-to-market cap ratio of 8.90%, suggesting moderate interest in the asset. The short-term moving averages (8, 13, and 21 SMA) are all below the current price, indicating a bearish trend, while the longer 144 SMA shows a significant distance from the current price, signaling weakness over a longer period.

The 1-hour RSI is at 45, indicating a neutral position, while the 7-day RSI is lower at 43, suggesting that UNI is nearing oversold territory. Price changes over various time frames indicate a negative sentiment, with a notable decline of approximately 15.77% over the past week.

Considering the recent performance and technical indicators, Uniswap appears to be under pressure, with the short-term outlook showing no immediate signs of reversal. The significant distance from its all-time high of $44.92 further underscores the current bearish trend and the challenges ahead for a bullish recovery.

Based on the analysis of price action, moving averages, and RSI levels, the recommendation for Uniswap (UNI) is to Hold. This rating reflects a cautious stance, as the asset may be oversold but lacks clear bullish signals for a short-term recovery.