Uniswap (UNI) has experienced a significant downturn, losing 3.76% against the US Dollar in the last 24 hours. The cryptocurrency also underperformed against Bitcoin (BTC) and Ethereum (ETH), with declines of 4.36% and 4.60% respectively. Despite a 19.41% gain in the past month and a 97.41% increase over the past year, the short-term outlook appears bleak.

The Fear & Greed index currently reads 71, indicating market greed, which often precedes corrections. Key support levels are at $7.43, $7.29, and $7.02, while resistance levels are at $7.84, $8.12, and $8.26. The market sentiment remains bullish, but caution is advised given the recent performance and volatile nature of the crypto market.