Uniswap (UNI) is currently priced at $3.33, reflecting a 24-hour decline of 2.22%. The daily trading range is narrow, with a high of $3.54 and a low of $3.30, indicating limited volatility in the recent session.

The trading volume stands at approximately $217.6 million, which corresponds to a volume-to-market cap ratio of 10.31%. This suggests a relatively active trading environment, but the downward price movement may indicate bearish sentiment among traders.

Technical indicators show that the short-term moving averages (8 and 13 SMA) are slightly below the current price, suggesting bearish momentum in the near term. Meanwhile, longer-term moving averages (21, 55, and 144 SMA) reflect a more pronounced downtrend, with declines ranging from 1.49% to 3.72%.

The 1-hour RSI is currently at 42, signaling a neutral to slightly bearish trend, while the 7-day RSI at 46 indicates that UNI is approaching oversold territory. Both the 7-day and 14-day price changes are negative, with declines of approximately 6.63% and 1.27%, respectively, highlighting recent weakness.

Over the past 30 days, UNI has experienced a significant price drop of 30.73%, which raises concerns about its near-term recovery potential. The all-time high of $44.92 reached in May 2021 remains a distant target, further emphasizing the long-term bearish trend.

Considering the technical indicators, price action, and overall market sentiment, Uniswap currently shows signs of weakness with no immediate reversal signals. Thus, the recommendation is to Hold, as a potential stabilization may occur near current levels, but a clear bullish reversal signal is needed before considering a Buy.