Uniswap (UNI) is currently priced at $7.14, reflecting a 24-hour change of -2.15%. The price has fluctuated between a high of $7.73 and a low of $7.11 over the past day, indicating a relatively tight daily range of 0.62%.

Trading volume stands at approximately $633 million, with a volume-to-market cap ratio of 14.08%, suggesting a healthy trading activity relative to its market capitalization. The short-term moving averages indicate bearish momentum, with the 8 SMA at $7.28 showing a decline of 1.99%, while longer-term SMAs reveal deeper losses, particularly the 55 SMA at $7.47, which is down 4.47%.

The 1-hour RSI is currently at 30, indicating that UNI is in oversold territory, suggesting a potential short-term bounce. In contrast, the 7-day RSI at 47 indicates a neutral sentiment, while the 7-day price change reflects a more significant decline of nearly 15%, contrasting with a stronger 14-day price increase of 34.85%.

From a technical perspective, the support level appears to be around the recent low of $7.11, while resistance is encountered near the 8 SMA at $7.28. Given the combination of oversold conditions and the relatively higher performance over the last 14 days, a short-term rebound could be expected.

However, the bearish trend in moving averages and the recent drop in the 7-day price change signals caution for longer-term investors. As the market is experiencing volatility, maintaining a cautious approach is advisable.

Based on the analysis, I recommend a Hold rating for UNI. While there is potential for a short-term price recovery, the overall bearish indicators and recent performance suggest that waiting for clearer bullish signals may be prudent.