Uniswap (UNI) is currently trading at $10.59, reflecting a 24-hour decline of 4.18%. The daily range indicates low volatility, with the price fluctuating between $10.58 and $11.34, highlighting a resistance level at the higher end.

The trading volume stands at approximately $465 million, representing 7.31% of the market cap, which suggests healthy trading activity. However, the hourly moving averages indicate a bearish trend, with significant resistance observed at the 8, 13, and 21 SMA levels, which are all above the current price.

Technical indicators show an oversold condition, with the 1-hour RSI at 27, indicating potential for a short-term rebound. Conversely, the 7-day RSI at 46 suggests that the asset is nearing neutral territory but has not yet confirmed a bullish momentum shift.

Fundamentally, UNI has seen a 7-day price change of -4.97%, while the 14-day change indicates a more positive outlook with an increase of 14.64%. The longer-term price trend shows a 30-day increase of 7.03%, signaling potential underlying strength despite recent short-term weakness.

Given the current technical indicators and price action, the resistance levels at higher moving averages need to be monitored closely. The substantial decline in the last 24 hours, coupled with oversold conditions, suggests that a bounce back is possible, but the overall trend remains bearish in the short term.

In conclusion, the analysis leads to a Hold rating for Uniswap (UNI). While there are signs of potential short-term recovery, the prevailing bearish sentiment and resistance levels indicate that investors should wait for clearer bullish signals before considering a buy.