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May 19, 2023
Uniswap weakened earlier in the day, before moving away from its $6.29 low and recovering back to $6.43.
On the flip side, data for United States Initial Jobless Claims published yesterday at 12:30 UTC came out at 242,000, beating projections of 254,000 and showing improvement over the preceding figure of 264,000.
While price action maintains a negative bias, United States Existing Home Sales (Apr) came out at 4.28 million, while a consensus of analysts was expecting 4.3 million. United States Philadelphia Fed Manufacturing Index (May) released yesterday at 12:30 UTC with a figure of -10.4, while the previous figure was -31.3.
As the trading day commences, technical analysis suggests the resistance level is at $7, followed by $7.19.
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. Litecoin ascends 2.26% to trade around $92.48. Having closed the previous session at $0.46, Ripple is up 1.14% today to currently trade at around $0.466.
Furthermore, United States Fed Chair Powell speech is scheduled today at 15:00 UTC.
On an upward trend for about 2 months now. Uniswap now trading 3,987.24% above its 3-month low of $0.
