Losing streak continues: Uniswap down $0.197 to $6.43 adding to its seven days of losses

Uniswap drops $0.197 early on and steadies around the $6.43 level.

While price action maintains a negative bias, United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of -1.71 million, while the previous figure was 5.20 million.

As the trading day commences, technical analysis suggests UNICORN Token USD could begin to recover as it approaches significant support, now $1.75 away from $4.68. Dipping below could be an indication that further losses are ahead.

In the meantime, negative performances are also seen in other markets, after ending today's session at $0.352, Cardano lost $0.005 and is trading around $0.347.

Other assets are showing positive performances as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. TRON is up 0.56% to $0.079.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Crude Oil Inventories projected to come out at 1.15 million — worse than previous data of 4.49 million; data will be released today at 14:30 UTC. Projections for United States Initial Jobless Claims are set for a continuation of decline with 238,000 while previous data was 232,000; data will be released tomorrow at 12:30 UTC.

On an upward trend for about 3 months now. Uniswap is up 2,761,848% from the significant low of $0 it hit 3 months ago.