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

Uniswap is down to $6.43, after ending today at $6.63. Overall, a 2.98% loss or $0.197 today.

Amid the market gloom, United States ISM Non-Manufacturing PMI (May) came out at 50.3, while a consensus of analysts was expecting 51.8. United States Services PMI released yesterday at 13:45 UTC with a figure of 54.9, while the previous figure was 53.6. United States Factory Orders published yesterday at 14:00 UTC came out at 0.4%, falling short of the 1.1% projections and continuing its decline from the previous 0.6% figure.

As the trading day commences, technical analysis suggests the resistance level is at $5.13, followed by $5.18.

Positive performances can be seen by looking at other markets as FTX Token is up 9.54%.

Looking ahead, ongoing depreciation may be prolonged as United States Crude Oil Inventories projected to decline to 1.15 million while previous data was 4.49 million; data will be released tomorrow at 14:30 UTC.

Furthermore, United States EIA Short-Term Energy Outlook is scheduled for today at 16:00 UTC.

On an upward trend for about 3 months now. Uniswap hit a significant low of $0 around 3 months ago, but has since recovered 2,761,848%.