While on a 15 day downtrend Today is looking a bit better: a mostly flat day so far for Uniswap, ranging between $4.26 and $4.31; currently at $4.29.

United States Producer Price Index is next.

Uniswap's state is reflected by market data as United States Consumer Price Index released yesterday at 12:30 UTC with a figure of 0.1%, while the previous figure was 0.4%. United States Consumer Price Index came out at 4%, while a consensus of analysts was expecting 4.1%. United States Core Consumer Prices released yesterday at 12:30 UTC with a figure of 0.4%, while the previous figure was 0.4%.

UNICORN Token USD made an initial breakout above its 21 day Simple Moving Average at $4.31, a potential indicator of a newly emerging bullish phase. Uniswap is approaching key support, around 12 cents away from $4.18. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Despite muted price action in Uniswap, chart analysis indicates it is positioned for a bullish run in the short term.

While Uniswap is pretty flat so far today, mixed performances are seen elsewhere as FTX Token added 9.54% to its value, now trading at $1.36. Having closed the previous session at $244, Binance Coin is up 2.7% today to currently trade at around $250.58.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Crude Oil Inventories is projected to outperform its last figure with 1.48 million, having previously been at -451,000. The figure will be published today at 14:30 UTC. United States Producer Price Index projected to come out at -0.1% — worse than previous data of 0.2%; data will be released today at 12:30 UTC. Projections for United States Retail Sales are set for a continuation of decline with -0.1% while previous data was 0.4%; data will be released tomorrow at 12:30 UTC.

On an upward trend for about 3 months now. Uniswap hit a significant low of $0 around 4 months ago, but has since recovered 1,785,100%.