Uniswap (UNI) is currently trading at $5.40, reflecting a 2.45% increase over the last 24 hours. The price has moved within a daily range of $5.16 to $5.41, indicating a relatively stable trading environment with a low volatility range of 0.25%.

The trading volume stands at approximately $206 million, representing 6.02% of its market cap, suggesting active participation from traders. The hourly moving averages indicate short-term bullish sentiment, with the 8 SMA and 13 SMA showing positive trends; however, the 144 SMA indicates a slight bearish sentiment in the longer term.

The 1-hour RSI of 71 suggests that UNI may be approaching overbought territory, which could lead to potential price corrections. In contrast, the 7-day RSI at 49 indicates that the asset is currently neutral, allowing for further price movements without immediate selling pressure.

From a longer-term perspective, UNI has experienced a 7-day price change of -2.07% and a 14-day change of -7.44%, indicating a recent downtrend. However, the 30-day change of 2.38% suggests that there may be a recovery trend developing over the month.

Uniswap’s all-time high stands at $44.92, showcasing significant room for growth from its current price level. Given the mixed signals from short-term indicators and the overall downtrend over the past two weeks, caution is warranted for new positions.

Based on the current analysis, I recommend a Hold rating for UNI. The short-term bullish indicators may attract traders, but the longer-term bearish momentum and overbought signals suggest that a wait-and-see approach is prudent.