Uniswap cryptocurrency trades up $0.148, approximately 3.35% higher this afternoon

Tentatively higher from an earlier low of $4.41, Uniswap is up to $4.56 today, adding $0.148, or 3.35%, to today's closing price of $4.41.

United States Initial Jobless Claims is next today at 12:30 UTC.

This move comes while some more positive signs for Uniswap are out as highly important Crude Oil Inventories data from United States beat analyst expectations of 1.48 million with a reading of 7.92 million.

On the flip side, following a previous reading of 0.2%, Producer Price Index in United States released yesterday at 12:30 UTC fell short of the -0.1% figure expected by analysts with an actual reading of -0.3%.

At the same time, United States Interest Rate released yesterday at 18:00 UTC with a figure of 5.25, while the previous figure was 5.25.

UNICORN Token USD made an initial breakout above its 10 day Simple Moving Average at $4.42, a potential indicator of a newly emerging bullish phase. Price action remains constrained around the key Fibonacci level of $4.45 currently serving as resistance On the other hand, note that Uniswap could be slowing down soon as it approaches resistance at $4.62. Of course, crossing it might suggest further gains are ahead.

Overall, looking at the technical analysis landscape, it seems Uniswap might continue pointing upwards in the short term.

Uniswap shows positive signs, other assets are also on par: FTX Token is up 9.54%. Having closed the previous session at $0.071, TRON is up 1.26% today to currently trade at around $0.072. Having closed the previous session at $0.726, Tezos USD is up 1.96% today to currently trade at around $0.741.

Furthermore, the market is looking at United States Retail Sales projected to decline to -0.1% while previous data was 0.4%; data will be released today at 12:30 UTC. As things stand, upcoming United States Core Retail Sales data is projected to fall short of market expectations with newly published data of 0.1%, following on from the preceding figure of 0.4%. New data is set to be published today at 12:30 UTC.

The market is looking forward to the release of new data: United States Philadelphia Fed Manufacturing Index (Jun) is scheduled for today at 12:30 UTC.

On an upward trend for about 3 months now. Having set a significant low of $0 4 months ago, Uniswap is trading 1,836,446% higher.