Uniswap (UNI) is currently trading at $3.50, reflecting a 24-hour decline of nearly 2%. The daily price range has been narrow, with a high of $3.59 and a low of $3.44, indicating a consolidative phase as the market digests recent movements.

The trading volume stands at approximately 200 million, representing 9.01% of the market cap, which is relatively healthy but may indicate a lack of strong buying or selling pressure. The short-term moving averages (8, 13, and 21 SMA) show a slight downward trend, while the 55 SMA has turned positive, suggesting potential support around $3.44, though the longer-term 144 SMA indicates bearish sentiment at $3.66.

Momentum indicators also highlight weakness, with the 1-hour RSI at 46 and the 7-day RSI also at 46, suggesting that UNI is currently neither overbought nor oversold. The significant price drops over the past 7, 14, and 30 days (-11.70%, -27.52%, and -36.06%, respectively) indicate a sustained downtrend, which may deter new buyers from entering the market.

Given the substantial distance from the all-time high of $44.92, the market sentiment remains bearish, compounded by the recent price action and moving averages. Without a clear catalyst for a recovery or reversal, the outlook for UNI remains weak in the near term, with resistance likely around the $3.66 level.

Based on the current data and technical indicators, I recommend a Sell rating for Uniswap (UNI). This decision is primarily driven by the persistent downtrend, weak momentum, and lack of positive price action that could indicate a reversal.