Losing streak continues, Uniswap lost $0.197 to $6.43 adding to its five consecutive days of drops

Uniswap weakened earlier in the day, before moving away from its $6.29 low and recovering back to $6.43.

Crude Oil Inventories data from United States will be released today at 14:30 UTC with analysts expecting a decline to -920,000. Potentially significant price fluctuations in Uniswap are expected to follow.

Meanwhile, United States New Home Sales (Apr) came out at 683,000, while a consensus of analysts was expecting 663,000. United States Services PMI released yesterday at 13:45 UTC with a figure of 55.1, while the previous figure was 53.6. United States Building Permits released yesterday at 12:00 UTC with a figure of 1.15 million, while the previous figure was 1.43 million.

Uniswap's notable support and resistance levels: UNICORN Token USD fell below the $5.04 support zone and moved $1.39 beyond it; the next level of support with significant buyer interest is estimated at $5.

In the meantime, negative performances are also seen in other markets, Litecoin is trading around $86.41 (down $5.24). Bitcoin Cash is down to $112.81, losing $2.87, after closing at $115.68 in the preceding trading session.

Other assets are showing positive performances as FTX Token jumps 9.54% to trade around $1.36.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of -920,000, following on from the preceding figure of 5 million. New data is set to be published today at 14:30 UTC. United States Initial Jobless Claims projected to decline to 250,000 while previous data was 242,000; data will be released tomorrow at 12:30 UTC.

Moreover, United States Pending Home Sales is projected to outperform its last figure with 0.5%. It previously stood at -5.2%; data will be released tomorrow at 14:00 UTC.

Registering some good gains for about 3 months now. Uniswap hit a significant low of $0 around 3 months ago, but has since recovered 2,761,848%.