Uniswap (UNI) is currently trading at $3.50, reflecting a slight increase of 0.99% over the last 24 hours. The price movement has remained within a daily range of $3.31 to $3.55, indicating relatively low volatility, with a daily range of just 0.24%.

The trading volume of 163,889,440 represents a Vol/Market Cap ratio of 7.38%, suggesting a healthy trading activity relative to its market capitalization. However, the 7-day and 14-day price changes indicate significant downward momentum, with losses of approximately 11.03% and 25.64%, respectively, highlighting a bearish trend over the past two weeks.

Analyzing the hourly moving averages, the 8 SMA at $3.38 shows a strong upward shift of 3.66%, while longer-term SMAs are less optimistic. The 144 SMA at $3.55 is declining at -1.45%, which could suggest that selling pressure is emerging as prices approach this level.

The Relative Strength Index (RSI) readings present a mixed picture: the 1-hour RSI is neutral at 50, while the 7-day RSI at 45 signals potential oversold conditions. This divergence suggests that while there may be short-term opportunities, the longer-term sentiment remains cautious as the asset has not yet established a bullish reversal.

With the current price significantly lower than its all-time high of $44.92, Uniswap appears to be struggling to regain bullish momentum. The continued decline over the past month, coupled with bearish signals from the moving averages, indicates that the market sentiment remains weak.

Based on the analysis, I recommend a Hold rating for Uniswap (UNI) at this time. The lack of strong bullish signals and the persistent downward trend over multiple time frames suggest that investors should wait for clearer indicators before considering a buy.