Bearish Uniswap currently $0.197 lower after trading as low as $6.29

Uniswap is grinding lower from $6.63 to $6.43, shedding $0.197 (2.98%) today.

Uniswap is currently trading at $6.43 following the release of Existing Home Sales (Mar) data from the United States.

Initial Jobless Claims in United States fell short of market expectations (240,000) with a reading of 245,000, continuing the decline from the previous figure of 240,000.

Amid the market gloom, United States Existing Home Sales (Mar) released today at 14:00 UTC with a figure of 4.44 million, while the previous figure was 4.55 million. United States Philadelphia Fed Manufacturing Index (Apr) came out at -31.3, while a consensus of analysts was expecting -19.2.

Uniswap's notable support and resistance levels: the resistance level is at $7, followed by $7.19.

In the meantime, negative performances are also seen in other markets, Dogecoin closed at $0.087 (down 1.34%). Algorand USD closed at $0.195 (down 2.09%).

Other assets are showing positive performances as FTX Token is up 9.54%.

Registering some good gains for about 2 months now. Uniswap hit a significant low of $0 around 2 months ago, but has since recovered 2,761,848%.