Uniswap (UNI) is currently priced at $5.27, reflecting a minor decline of 0.2309% over the past 24 hours. The asset has experienced a daily trading range of 0.51%, with a high of $5.38 and a low of $4.87, indicating relatively stable short-term volatility.

Volume for UNI stands at approximately $537.3 million, which represents a 16.23% trading volume relative to its market cap. This volume suggests a healthy level of trading activity, though it has decreased compared to previous high-volume days, potentially signaling a consolidation phase.

The hourly moving averages indicate a positive short-term trend, with the 8 SMA at $5.07 (+3.96%), 13 SMA at $5.02 (+4.90%), and 21 SMA at $5.00 (+5.35%). However, the 144 SMA at $5.25 shows minimal upward movement (+0.31%), indicating potential resistance around this level in the near term.

The 1-hour RSI is at 74, suggesting that UNI is currently overbought in the short term, which could lead to a price correction. In contrast, the 7-day RSI at 50 indicates neutrality, and a slight decrease of 1.84% in the last week suggests a lack of momentum in the medium term.

Longer-term trends are concerning, with a 14-day price change down by 12.09% and a staggering 30-day drop of nearly 28%. This prolonged bearish momentum highlights a significant downtrend since its all-time high of $44.92 in May 2021, reflecting broader market weakness for UNI.

Considering the combination of short-term overbought conditions, medium-term stagnation, and longer-term bearish trends, the recommendation for Uniswap (UNI) is to Hold. While there may be short-term trading opportunities, significant downward pressure and broader market trends warrant caution before considering new positions.