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May 12, 2023
Uniswap has been losing ground for 3 days, shedding a total of 8.6% of its value. More of the same today: Uniswap is down to $6.43, after ending today at $6.63. Overall, a 2.98% loss or $0.197 today.
United States Producer Price Index released earlier showed a marked improvement to 0.2% from the preceding data of -0.4%, but fell short of the 0.3% figure forecast by a consensus of market analysts. United States Initial Jobless Claims published yesterday at 12:30 UTC came out at 264,000, falling short of the 245,000 projections and continuing its decline from the previous 242,000 figure.
Meanwhile, United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.50 trillion, while the previous figure was 8.50 trillion.
As the day gets underway, chart analysis suggests the resistance level is at $7, followed by $7.19.
Other assets are showing positive performances as FTX Token is up 9.54%. Bitcoin Cash is up 0.84%.
Registering some good gains for about 2 months now. Uniswap now trading 3,986.5% above its 3-month low of $0.
