Uniswap Price Analysis: UNI retests $26 support, targets $29 again

TL;DR Breakdown Uniswap price analysis is bullish for today.UNI/USD saw further downside yesterday.UNI currently recovering some of the loss. Uniswap price analysis is bullish for today as the market has set another lower low and currently regains yesterday`s loss. Therefore, we anticipate UNI/USD to record further upside today. The cryptocurrency market traded in the green over the last 24 hours. Market leaders, Bitcoin and Ethereum, have both witnessed a surge, with a 3.0  and 3.08 gain, respectively. Uniswap price movement in the last 24 hours: Uniswap sets another lower low at $26.4 UNI/USD traded in a range of $26.46 – $27.54, indicating strong volatility over the last 24 hours. Trading volume has surged by 3.61 percent and totals $670 million, while the total market cap trades around $16.52 billion, ranking the coin at number 11 overall. UNI/USD 4-hour chart: UNI starts to rally UNI/USD is attempting to rally upwards on the 4-hour Uniswap price analysis after setting a lower low yesterday. UNI/USD 4-hour chart. Source: TradingView The Uniswap price action has witnessed a substantial advance over the last month. From the $12.5 support, UNI/USD has rallied by more than 150 percent until resistance was found around $29.  Below the $29 resistance, UNI/USD consolidated for several days and saw a rapid decline on Tuesday. Support was initially found above $25, however, more downside was witnessed yesterday as anothe...