TL;DR Breakdown Uniswap price analysis is bullish for today.UNI/USD saw a quick retest of $28.5 support today.Uniswap heavily rejected any selling pressure over the past hours. Uniswap price analysis is bullish today as the market saw a quick spike lower to $28.5, where any further downside was heavily rejected. Therefore, we expect UNI/USD to rally higher today and breach the $31 resistance next. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the green over the last 24 hours. The market leader, Bitcoin, is up by 2.41 percent, while Ethereum is up by 0.12 percent. Meanwhile, Solana is up by 15 percent and is the best performer today. Uniswap price movement in the last 24 hours: Uniswap rallies to $30 before a quick spike lower UNI/USD traded in a range of $28.57 – $30.28, indicating strong volatility over the last 24 hours. Trading volume has increased by 49.82 percent and totals $676.44 billion, while the total market cap trades around $18 billion, ranking the coin in 11th place overall. UNI/USD 4-hour chart: UNi ready to break $31? On the 4-hour chart, we can see Uniswap price preparing to rally after rejecting any further selling earlier today. UNI/USD 4-hour chart. Source: TradingView The Uniswap price has seen a substantial advance over the past weeks. After establishing a significant swing low around $14, UNI/USD rallied by around 120 percent to the $31 resistance. From there, we ...
