Uniswap (UNI) is currently priced at $3.88, reflecting a slight decline of 1.60% over the last 24 hours. The daily trading range has been relatively tight, with a high of $4.04 and a low of $3.74, indicating low volatility in the current market environment.

Volume stands at 385,297,541, with a volume-to-market cap ratio of 15.80%, suggesting healthy trading activity relative to its market capitalization. However, the RSI indicators reflect bearish momentum, with the 1-hour RSI at 49 indicating a neutral stance, while the 7-day RSI at 39 suggests oversold conditions.

Moving averages indicate a bearish trend, as the 8 SMA and 13 SMA are both at $3.96, reflecting declines of 2.06%. The longer-term SMAs show more pronounced downtrends, with the 55 SMA at $4.12 and the 144 SMA at $4.47, suggesting significant resistance levels ahead.

Fundamentally, UNI has experienced a steep decline over various time frames, with a 7-day price change of -19.86%, a 14-day change of -26.77%, and a 30-day change of -33.45%. This substantial depreciation points to a loss of market confidence, likely influenced by broader market trends and competition in the decentralized exchange space.

Given the current price level near support, combined with oversold RSI readings, there may be a short-term opportunity for a bounce. However, the prevailing bearish trend across moving averages and significant resistance levels suggests caution.

Overall, the analysis indicates a Hold rating for Uniswap (UNI). The lack of clear bullish signals and the presence of strong resistance levels warrant a wait-and-see approach, as further downside could be possible before a more definitive buying opportunity arises.