Uniswap (UNI) is currently trading at $7.29, reflecting a significant 24-hour decline of 9.62%. The daily trading range has been narrow, with a high of $8.07 and a low of $7.11, indicating selling pressure as the price nears the lower end of this range.

Trading volume stands at approximately $1.28 billion, representing a healthy 27.76% of the market cap, which indicates active market participation despite the recent price drop. Short-term moving averages, particularly the 8 SMA ($7.41) and 13 SMA ($7.37), are both trending downwards, suggesting continued bearish momentum in the near term.

The 1-hour RSI is at 33, indicating that UNI is nearing oversold territory, which may attract buyers looking for a rebound. In contrast, the 7-day RSI at 45 shows that the asset is still within a neutral zone, but the negative price change of 11.35% over the past week highlights overall weakness in momentum.

On a longer timeframe, the 14-day price change reflects a notable increase of 41.58%, while the 30-day change is positive at 20.05%. This indicates that despite the recent short-term bearish trend, there has been significant recovery and strength in UNI's price over the last two weeks and month.

The all-time high for UNI stands at $44.92, recorded in May 2021, which presents a substantial gap to its current price level. For potential investors, this high volatility and historical context suggest that UNI could be positioned for recovery in the longer term if market conditions improve.

Given the current technical indicators and recent price actions, the recommendation is to Hold. While there is potential for a rebound due to oversold conditions, the prevailing bearish sentiment and downward trends in moving averages suggest that caution is warranted before entering new positions.