Uniswap (UNI) is currently priced at $3.68, experiencing a slight decline of 1.46% over the past 24 hours. The daily trading range has been relatively narrow, with a high of $3.77 and a low of $3.55, reflecting a volatility of only 0.22%.

Trading volume for the past day stands at approximately $226 million, representing 9.69% of its market cap. This volume indicates a moderate level of trading activity, suggesting that the market is currently stable but lacks significant momentum in either direction.

From a technical analysis perspective, the 8-hour Simple Moving Average (SMA) is at $3.61, indicating a short-term bullish sentiment with a 1.81% increase. Conversely, the 55-hour SMA at $3.81 shows a significant bearish trend of 3.43%, suggesting resistance in the upper price range.

The Relative Strength Index (RSI) for the past hour is at 45, which indicates that UNI is nearing the oversold territory. The 7-day RSI at 52 reflects a neutral stance, while the 14-day RSI shows slight bullish momentum, signaling potential for upward movement.

In terms of price performance, UNI has increased by approximately 0.92% over the past week and 2.10% over the past two weeks, suggesting a recovery phase. However, the 30-day price change reveals a more significant decline of nearly 16.86%, indicating longer-term bearish pressure.

With an all-time high of $44.92 reached in May 2021, UNI is currently trading at approximately 92% below that peak. This significant disparity points to the potential for long-term growth; however, immediate resistance and market conditions must be considered.

Based on the current data, the technical indicators suggest a mixed outlook, with some short-term bullish signals overshadowed by longer-term bearish trends. Therefore, the recommendation for Uniswap (UNI) is to Hold, as the market appears to be stabilizing but lacks sufficient bullish momentum to warrant a Buy at this time.