Uniswap (UNI) is currently trading at $3.48, showing a modest 1.94% increase over the past 24 hours. The price has fluctuated between a low of $3.33 and a high of $3.49 in the same timeframe, indicating a tight daily range of 0.16%, which suggests limited volatility.

The trading volume stands at approximately 199 million, corresponding to a market cap volume ratio of 9.03%. This volume is relatively healthy, indicating sustained interest and liquidity in the market, though it remains lower compared to previous bullish trends.

Technical indicators show a mixed sentiment. The hourly moving averages indicate a bullish short-term trend with the 8 SMA at $3.46 up 0.50%, while longer moving averages like the 144 SMA are slightly bearish at $3.49 down 0.23%. The 1-hour RSI at 60 suggests that UNI is approaching overbought territory, while the 7-day RSI at 47 indicates a neutral sentiment.

From a price performance perspective, UNI has seen a slight increase over the past week (2.37%) but a more significant decline of 30.11% over the past month. This suggests underlying weakness in the medium-term, which could be concerning for potential investors.

Given the current market dynamics, including the solid volume, mixed technical indicators, and price performance trends, Uniswap shows signs of a potential short-term recovery while remaining under pressure longer-term. Therefore, the recommendation is to Hold, as there may be opportunities to reassess for a Buy if bullish momentum develops in the coming days.