Uniswap (UNI) is currently priced at $3.60, experiencing a significant 24-hour price increase of 8.35%. The daily range has remained narrow, with a high of $3.60 and a low of $3.28, indicating a stable trading environment amidst increased volatility.

Volume has surged to 226,557,154, contributing to a volume-to-market cap ratio of 9.95%. This elevated trading volume suggests strong market interest, potentially driven by bullish sentiment following recent price gains and technical indicators.

Technical analysis reveals that the 8 SMA, 13 SMA, and 21 SMA are all trending positively, with respective increases of 2.51%, 3.33%, and 4.77%. The 1-hour RSI at 80 indicates that UNI is currently overbought, while the 7-day RSI at 55 suggests room for further growth without immediate overextension.

In terms of price performance, UNI has gained 1.03% over the past week and 11.31% over the past 14 days, reflecting a positive short to medium-term trend. However, the 30-day price change of -22.46% indicates longer-term weakness, which may require caution from traders.

Despite recent gains, the all-time high of $44.92 reached in May 2021 highlights the substantial distance UNI still has to cover. This context suggests that while short-term momentum is strong, the long-term outlook remains uncertain, with previous highs far above current levels.

Given the current overbought RSI and the substantial recent gains, a Hold rating is appropriate. This strategy allows investors to monitor for potential corrections while remaining positioned for further upside as market conditions evolve.