Uniswap (UNI) is currently priced at $3.32, reflecting a 24-hour decrease of 3.81%. The daily trading range has been relatively narrow at 0.25%, with a high of $3.54 and a low of $3.29, indicating limited volatility in the short term.

Trading volume has reached approximately $237.67 million, contributing to a volume-to-market cap ratio of 11.27%, suggesting healthy market activity. The hourly and daily moving averages indicate a bearish sentiment, with the 8 SMA at $3.43, down 3.09%, and the 13 SMA at $3.41, down 2.72%, confirming a downward trend in price momentum.

The Relative Strength Index (RSI) stands at 52 for the hour, indicating a neutral position, while the 7-day RSI is at 46, suggesting a slight bearish sentiment. Over the past week, UNI has experienced a price decline of 4.91%, and over the last 30 days, it has dropped 31.55%, highlighting significant downward pressure in the medium term.

Technical indicators, such as the moving averages and RSI trends, point towards potential consolidation or further downside in the near future. With the all-time high at $44.92 achieved in May 2021, current price levels reflect a substantial retracement, prompting caution among investors.

Given the bearish trends, declining moving averages, and recent price performance, the recommendation is to Hold. This position allows investors to monitor the market for signs of stabilization or reversal before committing further capital, as the asset may be poised for potential rebounds at lower price levels.