A mostly flat day so far for Uniswap, ranging between $4.4 and $4.44; currently at $4.43.
Uncertainty around Uniswap is reflected by published market data as data for United States Retail Sales released yesterday at 12:30 UTC is better than expected with 0.3%, but worse than previous figure of 0.4%. New United States Initial Jobless Claims data fell short of the 250,000 projected by analysts with a reading of 262,000 while failing to improve upon the previous reading from last month (262,000). United States Philadelphia Fed Manufacturing Index (Jun) came out at -13.7, while a consensus of analysts was expecting -13.5.
UNICORN Token USD made an initial breakout above its 21 day Simple Moving Average at $4.44, a potential indicator of a newly emerging bullish phase. Uniswap is approaching key support, around 15 cents away from $4.29. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
Despite muted price action in Uniswap, chart analysis indicates it is positioned for a bullish run in the short term.
Other markets show mixed performance as FTX Token is up 9.54%. Having closed the previous session at $235.72, Binance Coin is up 0.85% today to currently trade at around $237.71. TRON trades close to $0.071, with no major change.
Trending positively for about 3 months. Uniswap hit a significant low of $0 around 4 months ago, but has since recovered 1,841,377%.