Uniswap (UNI) is currently trading at $8.58, reflecting a 24-hour decline of 3.68%. The daily price range has been relatively tight, fluctuating between a high of $9.01 and a low of $8.52, indicating limited volatility despite substantial trading volume of approximately $741.25 million.

The short-term moving averages indicate a bearish trend, with the 8, 13, and 21 SMAs all reflecting declines of 2.39% to 2.90%. Conversely, the 55 SMA shows a slight positive shift of 1.15%, while the 144 SMA indicates a more substantial upward trend of 9.05%, suggesting potential long-term support around $7.87.

The current 1-hour RSI of 23 signals that UNI is oversold in the short term, which could lead to a corrective bounce. In contrast, the 7-day RSI of 59 indicates that, over a longer timeframe, the asset is approaching overbought conditions, which could limit further upward momentum without additional catalysts.

Fundamentally, the recent price changes over the past 7, 14, and 30 days show notable appreciation, particularly with gains of 24.51% and 25.03% over the past week and two weeks, respectively. However, the current negative 24-hour shift could indicate a short-term pullback or profit-taking after recent gains.

Considering the technical indicators, UNI is showing signs of short-term weakness but has maintained strong performance over the longer term. Therefore, with the potential for a price correction in the short term but underlying bullish momentum in the longer horizon, a Hold rating is recommended, awaiting clearer signals for a decisive trend direction.