Uniswap (UNI) is currently trading at $7.93, reflecting a 4.77% increase over the last 24 hours. The price has moved within a daily range of $7.06 to $8.10, indicating volatility but also a strong upward trend in the short term.

Trading volume stands at approximately $1.16 billion, contributing to a volume-to-market cap ratio of 23.11%, which suggests healthy liquidity. The short-term moving averages show a bullish sentiment, with the 8 SMA indicating a gain of 3.47%, and the 13 SMA at 5.90%, reinforcing the upward momentum.

The 1-hour RSI is notably high at 76, suggesting that UNI is overbought in the very short term. In contrast, the 7-day RSI at 46 indicates that the asset is nearing neutral territory, which could suggest potential for further gains in the medium term as the pressure eases.

Over the past week, UNI has gained approximately 14.02%, while the 14-day and 30-day changes are significantly more robust at 46.53% and 32.07%, respectively. This consistent positive performance points to strong buyer interest and resilience in the face of market fluctuations.

Despite the recent gains, UNI remains well below its all-time high of $44.92, achieved in May 2021. This indicates substantial room for growth if market conditions remain favorable and demand for decentralized finance solutions continues to rise.

Based on the analysis of technical indicators, moving averages, and volume data, the recommendation for Uniswap (UNI) is a Buy. The strong short-term performance combined with a healthy liquidity profile suggests that current price levels may provide a favorable entry point for traders looking to capitalize on potential upward momentum in the coming weeks.