Uniswap (UNI) has experienced a significant downturn, with its price falling by 4.81% against the US Dollar in the last 24 hours, underperforming the broader cryptocurrency market, which saw a 3.78% decline. UNI also recorded losses against Bitcoin (BTC) and Ethereum (ETH), decreasing by 4.68% and 4.18%, respectively.

Despite a 13.56% gain in the past month and a 59.54% increase over the past year, the current market sentiment for Uniswap is bearish. The Fear & Greed index stands at 69, indicating greed, yet 66% of technical indicators suggest a negative outlook. Key support levels are at $7.38, $7.20, and $6.89, while resistance levels are at $7.86, $8.17, and $8.34.

Investors should remain cautious as the cryptocurrency market continues to exhibit high volatility and unpredictability.