Uniswap cryptocurrency trades up $0.205, approximately 4.15% higher this afternoon

Uniswap trades at $5.13 after gaining $0.205 (4.15%).

United States Core PCE Price Index (MoM) (May) is next today at 12:30 UTC.

This move comes while some more positive signs for Uniswap are out as highly important GDP data from United States beat analyst expectations of 1.4 with a reading of two. United States Initial Jobless Claims beat analyst expectations of 266,000 and the previous reading of 265,000 with new data of 239,000.

Nevertheless, highly important Pending Home Sales data from United States beat analyst expectations of -0.5% with a reading of -2.7%.

Chart analysis suggests UNICORN Token USD could be slowing down soon as it approaches resistance at $5.27. Of course, crossing it might suggest further gains are ahead. Trend-following investors would be interested to note 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. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $5.42, thereby suggesting that Uniswap is becoming overvalued.

Overall, the technical outlook suggests Uniswap is likely to remain muted for the immediate future, with no clear-cut direction.

Uniswap shows positive signs, other assets are also on par: Bitcoin Cash is up 21.58%. Litecoin is up 17.27%. EOS is up 10.17%.

The market is looking forward to the release of new data: United States Core PCE Price Index (MoM) (May) scheduled to come out today at 12:30 UTC. United States Core PCE Price Index (YoY) (May) will be released today at 12:30 UTC.

Registering some good gains for about 4 months now. Uniswap has recovered 2,051,935% since descending to a significant low of $0 around 4 months ago.