Uniswap (UNI) is currently trading at $5.11, reflecting a significant 24-hour decline of nearly 5%. The price action has been constrained within a daily range of $5.09 to $5.45, indicating low volatility and bearish sentiment as evidenced by the declining prices over the past week and month.

The volume of 238,333,740 indicates active trading, with a volume-to-market cap ratio of 7.40%, suggesting liquidity but also potential selling pressure. The hourly moving averages are all trending downwards, with the 8 SMA at $5.40 showing a decline of 5.36%, reinforcing a bearish short-term outlook.

The RSI metrics indicate oversold conditions; the 1-hour RSI is at 31, while the 7-day RSI at 41 shows weakness in upward momentum. Furthermore, the price has seen a steep decline of over 31% in the past 30 days, demonstrating a longer-term downtrend that cannot be overlooked.

Given these indicators, the technical outlook for Uniswap remains negative, with all moving averages signaling downward momentum. The fundamental context is weak, with prices significantly below the all-time high of $44.92, reached in May 2021, indicating a loss of investor confidence.

In summary, the combination of bearish price action, low RSI readings, and consistently declining moving averages suggests that further downside could be likely. Therefore, the current recommendation is to Sell, as the market conditions do not favor a recovery in the short to medium term.