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April 26, 2023
Uniswap has been losing ground for 3 days, shedding a total of 8.6% of its value. More of the same today: Uniswap is grinding lower from $6.63 to $6.43, shedding $0.197 (2.98%) today.
Core Durable Goods Orders data from United States will be released today at 12:30 UTC with analysts expecting a decline to -0.2%. Potentially significant price fluctuations in Uniswap are expected to follow.
United States Consumer Confidence published yesterday at 14:00 UTC came out at 101.3, falling short of the 104 projections and continuing its decline from the previous 104 figure.
Meanwhile, United States New Home Sales (Mar) came out at 683,000, while a consensus of analysts was expecting 630,000. United States Building Permits released yesterday at 12:10 UTC with a figure of 1.43 million, while the previous figure was 1.55 million.
As the day gets underway, chart analysis suggests the resistance level is at $7, followed by $7.19.
Other assets are showing positive performances as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.
In addition, TRON trades close to $0.066, with no major change.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as as things stand, upcoming United States Core Durable Goods Orders data is projected to fall short of market expectations with newly published data of -0.2%, following on from the preceding figure of -0.1%. New data is set to be published today at 12:30 UTC. Tomorrow at 14:00 UTC data for United States Pending Home Sales will be released, with an expected decline to 0.5% from the preceding figure of 0.8%.
Some optimism can drawn from the fact that United States Crude Oil Inventories is projected to outperform its last figure with -1.49 million. It previously stood at -4.58 million; data will be released today at 14:30 UTC.
Registering some good gains for about 2 months now. 2 months ago, Uniswap fell to a low of $0 but has since recovered 2,761,848%.
