Uniswap (UNI) is currently trading at $3.46, reflecting a 24-hour decline of 4.48%. The price has experienced a daily range of $0.25, with a high of $3.66 and a low of $3.41, indicating a relatively tight trading range amidst the recent downturn.

The trading volume stands at approximately $242.93 million, resulting in a volume-to-market cap ratio of 11.07%. The short-term moving averages are bearish, with the 8 SMA at $3.52 (-1.64%) and the 13 SMA at $3.55 (-2.63%), suggesting a trend of downward pressure in the immediate term.

The 1-hour RSI is critically low at 25, indicating oversold conditions, while the 7-day RSI at 50 shows a neutral sentiment. However, the 14-day price change of -10.54% and 30-day price change of -35.09% highlight a longer-term bearish trend, signaling significant price weakness.

Despite the recent price drop, the 144 SMA at $3.43 shows a slight uptick (+0.92%), which may indicate some potential support forming at that level. Nevertheless, the overall trend remains negative, compounded by the lack of upward momentum in both the short and medium-term indicators.

Given the current technical indicators and the ongoing bearish trend, a cautious approach is warranted. The significant declines over the past month, coupled with the low RSI readings, suggest that while a potential bounce may occur, a clear upward trend is not yet established.

Rating: Hold. The combination of oversold conditions and potential support at the 144 SMA could provide a temporary respite, but without a confirmed reversal pattern or improvement in broader market conditions, taking a conservative stance is advisable.