TL;DR Breakdown Uniswap price analysis bulls attempted to overturn a descending channel in the morningThe market is trading tightly sideways with the choppiness index pointing at 33 At the time of writing, Uniswap (UNI) is trading at $29.993 Uniswap Price Analysis: General price overview Uniswap price analysis bulls attempted to overturn a descending channel and bounced at $29 today’s chart. The market choppiness index indicated low volatility UNI/USD continued to trade within a daily range of $29.76 and $30.60. The bulls could have hoped for more volumes into the weekend and subsequently pushed the price upwards. An immediate support lies at $28.50 yet the bears have increased resistance at $30.00, thereby preventing a rally towards the $33 target. Overall, Uniswap price analysis across the 24-hour chart is bullish. Positive signals are developing on the 4-hour chart and could have the price form a rising channel towards the next main immediate support. Uniswap price movement in the last 24 hours The market is trading tightly sideways with the choppiness index pointing at 33 on the daily Uniswap chart. UNI/USDT price action is almost closing in on the daily high at $30.70 The down-sloping moving averages have come into a hiatus, however, the chances of breaking out of the consolidating channel remaining slim. Nonetheless, the bulls have built minor support at $16.2 and this will prevent the coin ...
