Uniswap (UNI) is currently trading at $3.51, reflecting a 24-hour decline of 3.72%. The price has fluctuated between a daily high of $3.67 and a low of $3.49, indicating a narrow range of just 0.18% over the past day.

The trading volume stands at approximately $146.92 million, representing a Vol/Market Cap ratio of 6.61%, which suggests a moderate level of market activity relative to its overall market capitalization. The moving averages indicate a bearish trend, with the 8 SMA at $3.56 and the 13 SMA at $3.57 both showing declines of 1.46% and 1.78%, respectively, while longer-term averages reflect a slightly less negative sentiment.

The 1-hour RSI is at a critical level of 25, indicating potential oversold conditions that could trigger a rebound, while the 7-day RSI at 50 suggests the asset is currently in a neutral state. Over the past week, UNI has decreased by 2.26%, but the 30-day price change reveals a more significant downturn of nearly 28%, highlighting a longer-term bearish trend.

Given these metrics, the market sentiment around UNI remains cautious, with the recent price action and moving averages indicating a lack of upward momentum. The asset is well below its all-time high of $44.92, established in May 2021, further reflecting the significant decline in market value and investor confidence over time.

In conclusion, the current technical indicators and market dynamics suggest that Uniswap (UNI) is facing strong downward pressure, and the lack of positive momentum makes it risky to enter positions at this time. Therefore, the recommendation is to Hold, as potential buyers may want to wait for clearer signs of reversal before committing capital.