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.

Amid the market gloom, United States Services PMI came out at 53.7, while a consensus of analysts was expecting 51.5. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 244,600, while the previous figure was 235,600. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 189,900, while the previous figure was 192,700.

Technical analysis of Uniswap's past price action reveals multiple support and resistance levels: the resistance level is at $7, followed by $7.19.

Other assets are showing positive performances as FTX Token added 9.54% to its value, now trading at $1.36. TRON climbs 1.82% to trade around $0.066. Binance Coin gained 1.49% and is now trading at $326.27.

Trending positively for about 2 months. Uniswap hit a significant low of $0 around 2 months ago, but has since recovered 2,761,848%.