Uniswap Price Analysis: UNI aims to break $26 resistance as bulls build momentum

TL;DR Breakdown Uniswap price analysis is bullish for today.UNI/USD retested the previous low today.UNI is rejecting further downside around $22. Uniswap shows bullish signals on our daily Uniswap price analysis as the market retraced to the upper Bollinger Band and retested the $23.5 support following a bearish weekend. Therefore, we are optimistic for UNI/USD to rally higher over the next 24 hours and spike above another resistance at $26. Cryptocurrency heat map. Source: Coin360 The overall cryptocurrency market is trading in the bullish region with market leaders BTC and ETH both gaining around 1 percent. Meanwhile, BNB, XRP, and ADA posted gains above 5 percent. We are expecting the general cryptocurrency market to post further gains in the course of the upcoming week.  Uniswap price movement in the last 24 hours: Uniswap retests previous low above $21 According to our Uniswap price analysis, UNI/USD has undergone a mild daily range of $22.16 -$24.28 over the last 24-hours. Therefore suggesting moderately distributed volatility for the last day. Uniswap’s trading volume dropped by 14 percent to a total of $429 million. Coin Market Cap ranks Uniswap at position #12 with a total market capitalization of $14.55 billion. UNI/USD 4-hour chart: UNI to rally overnight? On the 4-hour chart, we can see the Uniswap price rejecting further downside as bulls prepare for another rally higher. UNI/USD 4-hour chart. Source: TradingView...