Uniswap (UNI) is currently trading at $4.63, reflecting a 24-hour decline of 4.47%. The daily price range has been limited to $4.58 to $4.88, indicating a compressed trading environment with a daily range of just 0.3%.

Trading volume over the past 24 hours stands at approximately $207.7 million, with a volume-to-market cap ratio of 7.06%. This volume suggests moderate interest from traders, although the recent price drop indicates that selling pressure is outweighing buying interest.

Short-term moving averages indicate a bearish trend, with the 8, 13, 21, and 55 SMAs all showing negative percentage changes ranging from -4.02% to -5.21%. The 144 SMA, while higher, is still trending down at -5.21%, reinforcing the overall negative sentiment in the short to medium term.

The 1-hour RSI is at 24, indicating that UNI is in oversold territory, while the 7-day RSI is at 45, suggesting a neutral to slightly bearish trend. With a 7-day price change of -13.72% and longer-term trends reflecting declines of approximately 14.92% over 14 days and 20.73% over 30 days, the momentum remains firmly negative.

Despite the potential for a short-term rebound given the oversold conditions indicated by the 1-hour RSI, the broader trend remains downward. The significant distance from its all-time high of $44.92 reflects ongoing challenges in the broader DeFi market and potential investor sentiment issues.

Based on the current technical indicators and price action, the recommendation for Uniswap (UNI) is to Hold. While there may be short-term volatility, the persistent downtrend suggests a cautious approach until clearer bullish signals emerge.