Uniswap (UNI) is currently priced at $3.83, reflecting a slight decline of 0.74% over the last 24 hours. The daily trading range has been modest, with a high of $4 and a low of $3.65, indicating a constrained market movement.

Trading volume stands at approximately $284.48 million, contributing to a Vol/Market Cap ratio of 11.72%. This volume suggests moderate liquidity, but the declining price trend over the past week (-20.70%) and two weeks (-21.44%) raises concerns about sustained interest from buyers.

Technical indicators show a bearish sentiment, particularly with the 1-hour RSI at 37, suggesting oversold conditions. Moreover, longer-term indicators, such as the 55 SMA and 144 SMA, are also in decline, with respective losses of 1.55% and 4.47%, indicating a lack of upward momentum.

The 7-day RSI at 44 suggests that UNI is approaching neutral territory but has yet to signal a strong buy opportunity. The significant price drop over the past month (-35.08%) further underscores the ongoing bearish trend, which may deter potential buyers.

Given the current market conditions, including technical indicators pointing towards continued weakness and a significant drop from its all-time high of $44.92, a cautious approach is warranted. The combination of low RSI readings and recent price declines suggests that further downside may be possible before a potential reversal occurs.

Based on this analysis, I recommend a Hold rating for Uniswap (UNI) at this time. Investors should closely monitor for signs of stabilization or recovery before considering a buy, as the current market dynamics indicate more risk than reward.