Uniswap (UNI) is currently trading at $4.24, down 9.54% over the last 24 hours. The price has experienced a daily range of $4.20 to $4.68, indicating a significant volatility in the short term.

The trading volume stands at approximately $370.96 million, contributing to a market cap volume ratio of 13.81%. This relatively high volume suggests that selling pressure has intensified, which is corroborated by the declining price trends observed over the past week and month.

Technical indicators show that the hourly moving averages are bearish, with the 8 SMA at $4.33 and 13 SMA at $4.35 both reflecting negative momentum. The 21 SMA and 55 SMA also indicate downward trends, with significant declines of 4.86% and 9.09% respectively, suggesting strong resistance above the current price.

The 1-hour RSI is at 27, indicating an oversold condition which could suggest a potential reversal, while the 7-day RSI at 40 reflects continued bearish sentiment. The 7-day price change is down 12.42%, and the 14-day and 30-day changes are even more concerning at -20.48% and -27.96%, respectively, pointing to a sustained downtrend.

With the current price significantly below its all-time high of $44.92, the potential for recovery seems limited in the near term given the current technical indicators. The overall trend and momentum suggest that the market sentiment is bearish, making it a precarious time for entry.

Given the current bearish technical indicators, declining RSI values, and substantial recent price decreases, a Sell rating is warranted. Traders should consider reducing exposure to UNI until there is clearer evidence of trend reversal or improved market conditions.