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June 23, 2023
Uniswap trades at $4.85 after gaining $0.117 (2.47%).
Uniswap is currently trading at $4.85 following the release of Services PMI data from the United States.
On the flip side, following a previous reading of 7.92 million, Crude Oil Inventories in United States released yesterday at 15:00 UTC fell short of the 329,000 figure expected by analysts with an actual reading of -3.83 million.
At the same time, United States Services PMI came out at 54.1, while a consensus of analysts was expecting 54. United States Existing Home Sales (May) released yesterday at 14:00 UTC with a figure of 4.3 million, while the previous figure was 4.29 million.
UNICORN Token USD made an initial breakout above its 50 day Simple Moving Average at $4.9, a potential indicator of a newly emerging bullish phase. Uniswap broke through the $4.78 resistance, climbing 7 cents above it. In contrast, Bollinger Band® analysis indicates that current price action is approaching the upper band at $4.95, thereby suggesting that Uniswap is becoming overvalued.
According to technical analysis, it looks as if Uniswap likely to continue pointing upward in the short term.
Uniswap shows positive signs, other assets are also on par: Bitcoin Cash added 32.62% to its value, now trading at $177.6. Algorand USD leaps up 9.22% to trade around $0.137. EOS is up 8%.
On an upward trend for about 4 months now. Uniswap hit a significant low of $0 around 4 months ago, but has since recovered 1,972,055%.
