Uniswap (UNI) is currently trading at $5.49, reflecting a slight decline of 1.27% over the last 24 hours. The daily trading range has been narrow, with a high of $5.75 and a low of $5.49, indicating limited volatility and a lack of strong buying momentum.

Volume stands at approximately $256.86 million, contributing to a volume-to-market cap ratio of 7.43%, which suggests moderate trading activity relative to its market capitalization. The hourly moving averages are trending downwards, with the 8 SMA at $5.61 showing a decline of 2.22%, reinforcing the bearish sentiment in the short term.

The 1-hour RSI is significantly low at 24, indicating that UNI may be oversold in the very short term, while the 7-day RSI at 45 suggests a neutral position, lacking strong upward momentum. Over the past week, UNI has dropped by 1.59%, and the 14-day and 30-day price changes are considerably negative at -12.81% and -7.87%, respectively, signaling a downtrend.

Technical indicators show that the price is currently below all short- and medium-term moving averages, further confirming a bearish trend. The all-time high of $44.92, reached in May 2021, highlights the long-term potential, but the current market conditions present a stark contrast.

Given the recent performance and technical indicators, the recommendation is to Hold UNI at this time. While there are signs of being oversold, the overall trend remains negative, and potential buyers should wait for clearer bullish signals before entering the market.