Uniswap (UNI) is currently trading at $5.93, reflecting a 24-hour decline of 4.22%. The price has ranged from a high of $6.40 to a low of $5.92 within the last day, indicating a daily volatility of 0.48%.

Volume stands at approximately $455.3 million, with a volume-to-market cap ratio of 12.19%, suggesting a moderate level of trading activity relative to its market capitalization. The hourly moving averages indicate bearish momentum, with the 8 SMA at $6.24 showing a decline of 4.97%, and longer-term SMAs reinforcing the downtrend, particularly the 144 SMA at $6.46 which shows an 8.27% decrease.

The Relative Strength Index (RSI) metrics reveal that the asset is significantly oversold on the hourly chart with a reading of 15. In contrast, the 7-day RSI at 44 indicates a near-neutral position, although the 7-day price change of -19.65% signals a bearish trend over the short term.

Over the past 14 days, UNI has decreased by 34.20%, while the 30-day change shows a decline of 9.26%. These figures suggest a sustained downward trend, exacerbated by broader market conditions and potential profit-taking following previous highs.

Given the current technical indicators, including the significant bearish moving averages and oversold RSI levels, Uniswap appears to be in a corrective phase. However, the accumulation of volume suggests potential for short-term recovery if buying pressure increases.

In conclusion, the current market conditions for UNI indicate a Sell rating due to the persistent downtrend and bearish sentiment reflected in the technical indicators. Traders should closely monitor for potential reversals or accumulation phases before considering re-entry.