Uniswap (UNI) is currently trading at $4.84, with a modest 24-hour change of 0.99%. The daily trading range has been narrow, with a high of $4.86 and a low of $4.75, indicating relatively stable price action over the past day.

The volume stands at approximately 166.45 million, contributing to a volume-to-market cap ratio of 5.42%. This level of trading activity suggests a moderate interest in the asset, but not enough to signal significant bullish momentum at this time.

From a technical perspective, the short-term moving averages are showing positive momentum, with the 8 SMA at $4.83 (+0.21%) and the 13 SMA at $4.81 (+0.59%). However, the longer-term indicators, including the 30-day price change of -18.82%, indicate that the asset has been in a downtrend, which may weigh on investor sentiment.

The current 1-hour RSI is at 61, indicating that the asset is nearing overbought conditions in the short term. In contrast, the 7-day RSI at 50 suggests a neutral stance, while the longer-term trend remains concerning with a 14-day price change of -15.26%.

Overall, while Uniswap shows some signs of short-term recovery, the broader trend remains negative with significant losses over the past month. Given the current price action, technical indicators, and the downward pressure observed in longer time frames, a Hold rating is appropriate for UNI at this juncture.

This Hold rating is based on the lack of strong bullish momentum and the ongoing downtrend, suggesting that investors should wait for clearer signals before committing further capital. A sustained break above recent highs would be required to shift this outlook to a Buy.