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May 18, 2023
While on a 3 day slump, falling a total of 8.6%, More of the same today: Uniswap drops from $6.63 to $6.43, losing $0.197 (2.98%) today.
United States Initial Jobless Claims data will be released today at 12:30 UTC, with an expected improvement to 254,000. Uniswap reaction to indicator information will follow.
Nonetheless, encouraging indicators for Uniswap published earlier when data for United States Crude Oil Inventories published yesterday at 14:30 UTC came out at 5 million, beating projections of -920,000 and showing improvement over the preceding figure of 2.95 million.
Amid the market gloom, United States Building Permits (Apr) came out at 1.42 million, while a consensus of analysts was expecting 1.44 million. United States 20-Year Bond Auction released yesterday at 17:00 UTC with a figure of 3.954, while the previous figure was 3.92.
Uniswap chart analysis: the resistance level is at $7, followed by $7.19.
In the meantime, negative performances are also seen in other markets, after ending today's session at $0.075, Dogecoin lost $0.001 and is trading around $0.074.
Other assets are showing positive performances as FTX Token soars 9.54% to trade around $1.36.
Moreover, United States Initial Jobless Claims is projected to outperform its last figure with 254,000. It previously stood at 264,000; data will be released today at 12:30 UTC.
Furthermore, United States Philadelphia Fed Manufacturing Index (May) is expected today at 12:30 UTC. United States Existing Home Sales (Apr) scheduled to come out today at 14:00 UTC.
Registering some good gains for about 2 months now. The past 3 months have been positive for Uniswap as it added 3,987.22% compared to its 3-month low of $0.
