Uniswap Price Analysis: UNI/USD suppressed towards $26 by strengthening demand barrier

Uniswap Price Analysis: General price overview Uniswap price analysis is bearish today after the coin corrected from $28 to the $26 range. The coin could likely correct even lower in the next 24 hours.  Overall, the virtual assets market is trading bearishly. Bitcoin has traded at a consistent loss for the past day, shedding at least 3.47 percent. Ethereum, on the other hand, lost 5.20 percent. Meanwhile, the majority of cryptocurrencies have remained within the red zone.  Uniswap price movement in the last 24 hours Over the last 24 hours, UNI/USD traded in a range of $25.40 – $26.10; the tight range indicates mild volatility across the daily chart. There has been a plummet in trading volume by 9.83 percent and trading activity amounting to $596 million. While the total market capitalization stands at around $17.66 billion and occupies number 10 among the top 10 digital currencies by market cap. Uniswap 4-hour price analysis The $25.80 low is captured on the four-hour chart, where it seems like the price movement is facing heightened seller concentration. The bulls at this point have to wage overall market support and scatter the resistance that’s been holding them hostage for 2-days.  Over the last few weeks, the price of Uniswap has been on an upward trend. Despite acknowledging a brief retest at a low point in July (~$14), UNI/USD quickly moved past the high swing point recently ($23.5) and towards the $30 l...