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June 22, 2023
Tentatively higher from an earlier low of $4.77, Uniswap is up to $4.88 today, adding $0.107, or 2.24%, to today's closing price of $4.78.
At the same time, United States API Weekly Crude Oil Stock came out at -1.25 million, while a consensus of analysts was expecting -433,000. United States 20-Year Bond Auction released yesterday at 17:00 UTC with a figure of 4.01, while the previous figure was 3.954.
As the day gets underway, chart analysis suggests UNICORN Token USD broke through the $4.85 resistance and climbed above it 3 cents; next resistance level is at $4.94. Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to asset volatility analysis, Uniswap's upper Bollinger Band® is at $5.03, this is a slight indication of a slowdown.
Notwithstanding Uniswap's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Uniswap shows positive signs, other assets are also on par: FTX Token soars 9.54% to trade around $1.36. Bitcoin Cash is up 5.37% to $143.34. EOS gained 6.14% and is currently trading at $0.722.
Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Initial Jobless Claims is projected to outperform its last figure with 260,000. It previously stood at 262,000; data will be released today at 12:30 UTC.
Furthermore, the market is looking at projections for United States Crude Oil Inventories are set for a continuation of decline with 1.87 million while previous data was 7.92 million; data will be released today at 15:00 UTC.
Also worthy of note, United States Services PMI is expected tomorrow at 13:45 UTC.
Trending positively for about 4 months. After hitting an important low of $0 approximately 4 months ago, Uniswap has bounced back 1,989,550% since.
