Uniswap (UNI) is currently trading at $3.24, reflecting a 24-hour decline of 7.22%. The price has fluctuated between $3.20 and $3.56 over the last day, indicating a daily range of 0.36%, which suggests limited volatility in the short term.

The trading volume of 486,373,581 with a volume-to-market cap ratio of 23.63% indicates significant trading activity relative to its market cap. However, the negative momentum in the hourly moving averages, with the 8 SMA at $3.35 showing a decline of 3.42%, highlights bearish short-term sentiment across multiple time frames.

The Relative Strength Index (RSI) metrics show concerning oversold conditions; the 1-hour RSI is at 28, indicating potential further downside. Meanwhile, the 7-day RSI at 46 suggests that the asset is nearing oversold territory but is not yet fully in that range, complicating immediate trading decisions.

Over the past week, UNI has experienced a price change of -2.31%, which is relatively mild compared to the 14-day and 30-day changes of -25.15% and -41.68%, respectively. This consistent downtrend signals weakening market confidence and raises concerns about the asset's ability to recover in the near term.

Given the significant distance from its all-time high of $44.92, the current price reflects a drastic depreciation, indicating a lack of bullish momentum necessary for recovery. Overall, the indicators suggest a market struggling for direction, with the short-term sentiment remaining bearish.

In conclusion, based on the current technical indicators, market sentiment, and significant recent price declines, the rating for Uniswap (UNI) is a Sell. This recommendation is driven by the lack of bullish momentum, oversold conditions without signs of immediate recovery, and persistent downward trends over multiple time frames.