Uniswap price analysis: UNI to retest $29 resistance before further bull rally

TL;DR Breakdown The Uniswap price analysis shows a bullish trend.Strong resistance is present at $29.Support is found at $22.3. The Uniswap price analysis reveals a bullish momentum as the price has improved today. UNI/USD pair is trading at $29.4 at the time of trading, coming up from the level of $22.6 at the start of the day. UNI bulls have succeeded in gaining momentum today after yesterday’s bearish plunge and are victoriously carrying their lead. The UNI price level is again near the first resistance level of $23.9, followed by a much stronger resistance of $28. Crossing the first resistance will be a litmus test for further gains. The UNI/USD pair gained a good six percent over the last 24 hours but overall is down by almost 13 percent if we examine the price levels over the time of the last seven days. Though not among the top performers of today still it is a considerable positive price movement. UNI/USD 1-day price analysis: UNI on the route to recovery The 1-day Uniswap price analysis shows a continuous increase in price from the start of the day. Though the price is still traveling in the price channel, improvement can be expected. The volatility is increasing significantly as Bollinger bands are widening with the upper Bollinger band at the $31.8 mark and lower band at the $20.6 mark, making an average at the $26 mark. Source: TradingView The moving average (MA) is traveling down towards price and is T $23....