Uniswap Price Analysis: UNI/USD bears sustain a downtrend and are still focused on crashing $25 support

TL;DR Breakdown Uniswap price analysis is bearish for today.UNI/USD continued to decline overnight.Closest support at $25. Uniswap price analysis suggests bearishness on the 24-hour chart after the market retraced from the $28 region to today’s low of $26.17. Therefore, traders are advised to anticipate bearish momentum in the next 24 hours as the coin could hit the $25 price any time or retest the $23.5 support The general digital currency market trades with mixed results. Bitcoin lost at least 1.24 percent while Ethereum gained 3.40 percent on the daily chart. Solana turned out to be the best performing altcoin on the 24-hour chart after rising by 15 percent to the $117 price mark.  Uniswap price movement in the last 24 hours: Uniswap continued to decline According to our 24-hour candlesticks on the Uniswap price analysis, UNI/USD traded within a tight daily range of low volatility between $26.17 – $27.17.Total daily trading volume for the exchange swapping token went up by 92 percent to a sum of $475 million. On the other hand, the Uniswap market capitalization rose by 1.98 percent to a sum of $16.2 billion.  UNI/USD 4-hour chart: UNI moves to retest the $25 support? On the 4-hour candlesticks Uniswap price analysis chart, we can see the UNI/USD pair declining over the last 24 hours as bears target the $25.90 price next. UNI/USD 4-hour chart. Source: TradingView UNI/USD price action witnessed increased bullish m...