Uniswap Price Analysis: UNI/USD struggles to overcome $30 price hurdle as bids increase for $35 target

TL;DR Breakdown Uniswap price analysis started bearishly after retracing a descending triangleMild daily range which suggested mild volatility between $28 and $29.The next target lies between $35 and $37, which is most likely to be achieved in the coming days. Uniswap Price Analysis: General price overview Uniswap price analysis started bearishly after retracing a descending triangle in the early morning session but could not set further lows and consolidated around $28.5. The stay at the bottom was however short-lived and the bulls came in and pushed the price to an intraday high of $29.65. Uniswap is already points below the $30 resistance, which further constraints the coin’s breakout to the next immediate target at $35.  Overall perfomance of the cryptocurrency market includes a 3.09 percent and 4.71 percent loss for both Bitcoin and Ethereum respectively in the last 24 hours. Solana became the best gainer of the day after recording a 25 percent gain on the 24-hour chart. A price action that saw the scaling solution hit it all-time high at $70. XRP became the worst performer after shedding 9.08 percent of its value. Other altcoins such as ADA and BNB recorded minimal losses of up to 1 percent. Uniswap price movement in the last 24 hours According to this Uniswap price analysis, the coin witnessed a mild daily range which suggested mild volatility between $28 and $29. Trading volumes across the Uniswap daily chart pos...