Losing streak continues, Uniswap lost $0.197 to $6.43 adding to its seven 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.

Crude Oil Inventories in United States fell short of market expectations (1 million) with a reading of -451,000, continuing the decline from the previous figure of 4.49 million.

While price action maintains a negative bias, United States Cushing Crude Oil Inventories came out at 1.72 million, while a consensus of analysts was expecting 719,000. United States Trade Balance (Apr) released yesterday at 12:30 UTC with a figure of -74.6 billion, while the previous figure was -60.6 billion.

As the trading day commences, technical analysis suggests the resistance level is at $4.76, followed by $4.8.

Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. EOS is up 2.35%.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Initial Jobless Claims projected to decline to 235,000 while previous data was 232,000; data will be released today at 12:30 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%.