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May 26, 2023
Uniswap recovering almost all the way back to $6.63 today, after dipping down to $6.29.
Uniswap is currently trading at $6.43 following the release of Core PCE Price Index (MoM) (Apr) data from the United States.
Following a previous reading of 0.3%, Core Durable Goods Orders in United States released today at 12:30 UTC fell short of the 0% figure expected by analysts with an actual reading of -0.2%. United States Pending Home Sales released earlier showed a marked improvement to 0% from the preceding data of -5.2%, but fell short of the 0.5% figure forecast by a consensus of market analysts.
Amid the market gloom, United States Core PCE Price Index (MoM) (Apr) released today at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3.
Visual analysis of Uniswap's chart shows that UNICORN Token USD could begin to recover as it approaches significant support, now $1.53 away from $4.91. Dipping below could be an indication that further losses are ahead.
Other assets are showing positive performances as FTX Token added 9.54% to its value, now trading at $1.36. Ripple is up 2.13%. Bitcoin gained 1.26% and is currently trading at $26,816.
On an upward trend for about 3 months now. Uniswap has recovered 2,761,848% since descending to a significant low of $0 around 3 months ago.
