After three consecutive days of gains, Uniswap is down $0.073 today

Struggling to find upward momentum, Uniswap has shed $0.073 to currently trade at $5.21 as it ranges between $5.2 and $5.32 so far today.

Meanwhile, United States Core PCE Price Index (YoY) (May) released yesterday at 12:30 UTC with a figure of 4.6, while the previous figure was 4.7. United States Core PCE Price Index (MoM) (May) came out at 0.3, while a consensus of analysts was expecting 0.3. United States CFTC S&P 500 speculative net positions released yesterday at 20:30 UTC with a figure of -208,300, while the previous figure was -239,300.

Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to asset volatility analysis, Uniswap's upper Bollinger Band® is at $5.53 which indicates a further downward move may follow. Technical analysis shows that Uniswap could begin to recover as it approaches significant support, now 17 cents away from $5.04. Dipping below could be an indication that further losses are ahead.

Overall, while Uniswap has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

In the meantime, negative performances are also seen in other markets, Bitcoin Cash is trading around $289.5 (down $17.21).

Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. EOS added 4.61% to its value, now trading at $0.787.

On an upward trend for about 4 months now. Uniswap hit a significant low of $0 around 4 months ago, but has since recovered 2,201,057%.