Uniswap Price Analysis: UNI retests $18.3 support, prepares for a rally higher?

TL;DR Breakdown Uniswap price analysis is bullish for today.UNI/USD saw another rejection above $18.3 support yesterday.Uniswap currently prepares for another rally. Uniswap price analysis is bullish today as the market has rejected further downside at $18.3 for the second time this week. Therefore, we expect UNI/USD to reverse and look to set a higher high early next week. Cryptocurrency heat map. Source: Coin360 The overall market traded mostly in the green over the last 24 hours. The market leader, Bitcoin, is up by 1.24 percent, while Ethereum has gained 0.13 percent. Cardano (ADA) is the top performer right now, with an increase of 8.66 percent. Uniswap price movement in the last 24 hours: Uniswap saw another spike to $18.3 UNI/USD traded with a moderate amount of volatility over the last 24 hours. Trading volume has declined by 32.07 percent and totals $312.8 billion, while the total market capitalization trades around $11.76 billion, ranking the coin in 14th place overall. UNI/USD 4-hour chart: UNI set to reverse?  On the 4-hour chart, we can see the Uniswap price currently gathering momentum before another push higher is likely seen tomorrow.  UNI/USD 4-hour chart. Source: TradingView Uniswap price action has traded with a strong bearish momentum this month. After peaking around the $31 mark, we saw a rapid decline on the 7th of September, followed by several days of consolidation and a rally to $27, whe...