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April 19, 2023
Marginally higher but lacking a clear-cut direction, Uniswap is trading at $6.47 after ranging between $6.29 and $6.47 today.
United States's Crude Oil Inventories new data released of -4.58 million below its previous figure.
On the flip side, following a previous reading of 597,000, Crude Oil Inventories in United States released today at 14:30 UTC fell short of the -1 million figure expected by analysts with an actual reading of -4.58 million.
At the same time, United States Building Permits (Mar) released yesterday at 12:30 UTC with a figure of 1.41 million, while the previous figure was 1.55 million. United States 20-Year Bond Auction released today at 17:00 UTC with a figure of 3.92, while the previous figure was 3.909.
Although UNICORN Token USD is appreciating today after rising as high as $6.47, price action is now slowing and consolidating around 52 cents below the $7 resistance level. Although up today, early price action saw Uniswap dropping below its 200 day Simple Moving Average at $6.11 — an early indicator that a new downward trend could be emerging.
Uniswap is likely to reverse course and start pointing downward in the short term.
Meanwhile, Litecoin falls 8.16% to trade around $93.48. EOS falls 8.05% to trade around $1.12. Ripple is down to $0.494, losing $0.039, after closing at $0.533 in the preceding trading session.
Furthermore, the market is looking at tomorrow at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 240,000 from the preceding figure of 239,000.
Furthermore, the market is looking at United States Philadelphia Fed Manufacturing Index (Apr) is scheduled for tomorrow at 12:30 UTC. United States Existing Home Sales (Mar) will be released tomorrow at 14:00 UTC.
Trending positively for about 2 months. 2 months ago, Uniswap fell to a low of $0 but has since recovered 2,654,432%.
