Uniswap (UNI) is currently priced at $3.74, reflecting a 24-hour decline of 5.09%. The daily trading range has been relatively tight, with a high of $3.94 and a low of $3.65, indicating subdued market activity and potential consolidation at these levels.

Volume stands at approximately $293.97 million, representing a 12.40% ratio of volume to market cap, suggesting moderate trading interest. The moving averages are showing a bearish trend, with all key SMAs (8, 13, 21, 55, 144) indicating downward momentum, particularly the 144 SMA which is down 6.04% at $3.98.

The 1-hour RSI is at 38, which suggests the asset is approaching oversold conditions but not yet at critical levels. In a broader context, the 7-day RSI at 44 and significant price declines over the past 7, 14, and 30 days (-20.64%, -24.49%, and -39.27% respectively) indicate persistent selling pressure.

Given the current technical indicators and the bearish sentiment reflected in the price movements and RSI readings, the trend appears to be downward. The significant distance from the all-time high of $44.92 further underscores the current weakness in the market.

Considering these factors, the recommendation is to Hold UNI at this time. The lack of bullish signals and the downward trajectory suggest that potential investors should wait for clearer indicators of a trend reversal before committing to new positions.