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June 20, 2023
Uniswap goes up to $4.56, having dipped down to $4.35 earlier.
At the same time, United States Building Permits (May) came out at 1.49 million, while a consensus of analysts was expecting 1.43 million. United States Housing Starts beat analyst expectations of -0.8% and the previous reading of -2.9% with new data of 21.7%. United States Housing Starts (May) released today at 12:30 UTC with a figure of 1.63 million, while the previous figure was 1.34 million.
As the trading day comes to an end, chart analysis indicates UNICORN Token USD broke through the $4.48 resistance and climbed above it 8 cents; next resistance level is at $4.53. Concerning technical analysis and more specifically, trend indicators, despite posting gains so far today, Uniswap slid below its 10 day Simple Moving Average at $4.4 in earlier trade — an early indicator that a negative trend could be emerging. Asset volatility analysis shows that Uniswap's lower Bollinger Band® is at $3.52, indicating that the market is oversold and fertile for new buyers.
Overall, while Uniswap has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Uniswap shows positive signs, other assets are also on par: having closed the previous session at $26,800, Bitcoin is up 5.08% today to currently trade at around $28,178. FTX Token is up 9.54% to $1.36. Avalanche is up 5.05%.
Elsewhere, United States Fed Chair Powell testimony set for tomorrow at 14:00 UTC. United States Fed Governor Jefferson testimony is scheduled tomorrow at 14:00 UTC.
Registering some good gains for about 4 months now. Uniswap is up 1,865,400% from the significant low of $0 it hit 4 months ago.
