Uniswap (UNI) is currently trading at $3.27, reflecting a 24-hour decline of 2.71%. The price has fluctuated between a high of $3.40 and a low of $3.23 in the past day, indicating a daily range of 0.17%.

The trading volume stands at approximately 122 million, which corresponds to a volume-to-market cap ratio of 5.89%. This relatively moderate volume suggests that market interest is declining, especially in light of the recent price drops across multiple timeframes, with the 7-day price change at -15.18% and the 30-day price change at -39.64%.

Technical indicators show that the 1-hour RSI is at 33, suggesting that UNI is approaching oversold territory. Conversely, the 7-day RSI is at 48, indicating that while the asset is not yet oversold, momentum is weak, further supported by the downtrend in the moving averages.

The short-term moving averages (8 SMA at $3.26 and 13 SMA at $3.30) suggest a slight bullish momentum, but the longer-term averages (21 SMA at $3.32, 55 SMA at $3.38, and 144 SMA at $3.42) indicate a bearish trend. The consistent decline in price over the past 14 and 30 days reinforces the sentiment that UNI may be in a broader downtrend.

In light of the significant price declines over the past month and the bearish technical indicators, a cautious approach is warranted. Therefore, the recommendation for Uniswap (UNI) is to Hold, as the potential for further downside exists, but it may also offer an opportunity for accumulation if market conditions stabilize.