Uniswap (UNI) is currently trading at $3.43, having experienced a 24-hour decline of 3.85%. The daily trading range has been tight, with a high of $3.60 and a low of $3.37, indicating a lack of volatility and investor uncertainty in the short term.

The trading volume stands at approximately 205 million, accounting for 9.43% of its market capitalization, suggesting moderate interest from traders. Technical indicators show mixed signals, with the 8 SMA and 13 SMA reflecting slight bullish momentum, while the longer-term SMAs (21 SMA and 55 SMA) are indicating a bearish trend over the past weeks.

The 1-hour RSI is currently at 37, indicating that UNI is nearing oversold conditions, which could trigger a short-term rebound. Conversely, the 7-day RSI at 52 suggests that the asset is relatively neutral, while the 14-day price change shows a significant decline of 7.54%, reflecting ongoing bearish sentiment.

Over the last 30 days, UNI has dropped by approximately 31%, highlighting a sustained downtrend and loss of investor confidence since reaching its all-time high of $44.92 in May 2021. The recent performance metrics suggest that despite short-term fluctuations, the overall trend remains negative, with resistance likely around the $3.50 level.

Given the current technical indicators and fundamental analysis, a cautious approach is warranted. A potential price rebound may occur given the oversold RSI conditions, but the overall negative momentum over the past month suggests that significant resistance exists ahead.

Rating: Hold. Although short-term indicators show potential for a rebound, the longer-term trends and overall bearish sentiment necessitate caution before making any new purchases.