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June 29, 2023
Tentatively higher from an earlier low of $4.83, Uniswap is up to $5 today, adding $0.165, or 3.55%, to today's closing price of $4.83.
United States GDP data will be released today at 12:30 UTC, with an expected decline to 1.4.
Nevertheless, Crude Oil Inventories in United States fell short of market expectations (-1.76 million) with a reading of -9.60 million, continuing the decline from the previous figure of -3.83 million.
At the same time, United States 7-Year Note Auction released yesterday at 17:00 UTC with a figure of 3.839, while the previous figure was 3.827. United States Cushing Crude Oil Inventories came out at 1.21 million, while a consensus of analysts was expecting 89,000.
Chart analysis indicates UNICORN Token USD broke through the $4.89 resistance and climbed above it 12 cents; next resistance level is at $4.91. Technical analysis trend indicators suggest that Uniswap made an initial breakout above its 10 day Simple Moving Average at $4.94, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, Uniswap's upper Bollinger Band® is at $5.39, this is a slight indication of a slowdown.
Overall, the technical outlook suggests Uniswap is likely to remain muted for the immediate future, with no clear-cut direction.
Other markets are also showing gains as Solana is up 13.45%. Bitcoin Cash jumps 7.44% to trade around $242. FTX Token is up 9.54%.
Furthermore, the market is looking at United States GDP projected to come out at 1.4 — worse than previous data of 2.6; data will be released today at 12:30 UTC. United States Initial Jobless Claims projected to decline to 266,000 while previous data was 264,000; data will be released today at 12:30 UTC.
Furthermore, the market is looking at United States Core PCE Price Index (MoM) (May) is expected tomorrow at 12:30 UTC.
On an upward trend for about 4 months now. Uniswap hit a significant low of $0 around 4 months ago, but has since recovered 2,014,158%.
