TL;DR Breakdown Uniswap price analysis is bullish for today.UNI/USD retested the previous low today.UNI is rejecting further downside around $22. Uniswap price analysis is bullish today as the market has retraced to retest the previous low with a rejection for further downside. Therefore, we expect UNI/USD to rally higher over the next 24 hours and look to regain even more of the loss seen earlier this week. Cryptocurrency heat map. Source: Coin360 The overall market traded in the red over the last 24 hours. Bitcoin is down by 3.86 percent, while Ethereum has lost 7.13 percent. Solana (SOL) is among the worst performers, with a loss of more than 10 percent. Uniswap price movement in the last 24 hours: Uniswap retests previous low above $21 UNI/USD traded in a range of $21.55 – $24.49, indicating substantial volatility over the last 24 hours. Trading volume has decreased by 21.07 percent and totals $522.64 billion. Meanwhile, the total market capitalization trades around $13.51 billion, ranking the coin in 12th place overall. UNI/USD 4-hour chart: UNI to rally overnight? On the 4-hour chart, we can see the Uniswap price rejecting further downside as bulls prepare for another rally higher. UNI/USD 4-hour chart. Source: TradingView Uniswap price action traded with strong volatility over the past week. After a rally to the $31 mark, UNI/USD could not reach further upside and retraced to $28.5. From there, a lower ...
