Uniswap (UNI) is currently trading at $4.41, reflecting a significant 24-hour decline of 8.44%. The price action has been constrained within a daily range of $4.29 to $4.81, indicating heightened volatility and bearish sentiment in the short term.

The trading volume stands at approximately 277.54 million, contributing to a Vol/Market Cap ratio of 9.94%, suggesting a reasonable level of liquidity. However, the negative 7-day and 14-day price changes of -8.89% and -17.25% respectively, signal a persistent downtrend in the medium term, exacerbated by a weak market sentiment.

Technical indicators reveal that the 1-hour RSI is at a critically low level of 21, indicating strong oversold conditions. Moreover, the hourly moving averages show a bearish trend, particularly the 55 SMA at $4.71 and the 144 SMA at $4.74, both indicating strong resistance levels.

From a fundamental perspective, the overall downtrend is corroborated by the substantial decline of 25.52% over the past 30 days, suggesting a lack of bullish momentum. The all-time high of $44.92 reached in May 2021 remains significantly distant, highlighting the ongoing struggle for price recovery.

Considering the current technical and fundamental indicators, the sentiment remains bearish, and the likelihood of further declines appears significant. Given these factors, a Sell rating is warranted for UNI, as the current price levels may not present a favorable risk-reward opportunity until a clear trend reversal is established.