Uniswap (UNI) is currently trading at $5.09, reflecting a slight 24-hour change of 1.80%. The daily trading range has been relatively tight, with a high of $5.23 and a low of $5.00, indicating low volatility in the short term.

The trading volume over the last 24 hours stands at approximately $260 million, representing a volume to market cap ratio of 8.12%. This suggests a healthy level of trading activity, but the recent downward trend in price is concerning, with a 7-day price change of -9.95% and a more significant drop of -32.33% over the last 30 days.

From a technical standpoint, the hourly moving averages indicate bearish sentiment, with all major SMAs (8, 13, 21, and 55) showing negative percentages relative to the current price. The 144 SMA is particularly notable, showing a decline of 4.80%, which reinforces the downward pressure on the price.

The 1-hour RSI is at a low of 27, indicating potential oversold conditions in the very short term. However, the 7-day RSI at 47 does not signal a strong bullish reversal, suggesting that momentum remains weak.

Given the current price action, including significant declines over the past two weeks, and the bearish indicators from both moving averages and RSI readings, the outlook for UNI remains negative. Although there is potential for short-term recovery, the fundamental weakness in price trends and technical indicators suggests it may be premature to consider buying.

In conclusion, the recommendation for Uniswap (UNI) is a Sell rating. The ongoing bearish momentum, coupled with significant price declines and weak RSI readings, indicates that further downside may be expected before any substantial recovery occurs.