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June 09, 2023
In the last 11 days, Uniswap has lost a total of 34.87% of its value. Similar trend today: in a range-bound session favoring short positions, Uniswap remains constrained in a $4.55 to $4.66 range and is currently trading close to $4.58.
Following a previous reading of 233,000, Initial Jobless Claims in United States released yesterday at 12:30 UTC fell short of the 235,000 figure expected by analysts with an actual reading of 261,000.
Meanwhile, United States CFTC Crude Oil speculative net positions released today at 20:30 UTC with a figure of 172,400, while the previous figure was 162,600. United States CFTC Gold speculative net positions came out at 175,600.
UNICORN Token USD made an initial break below its 10 day Simple Moving Average at $4.03, a possible indication of a forthcoming negative trend. Despite this, Uniswap could begin to recover as it approaches significant support, now 5 cents away from $4.53. Dipping below could be an indication that further losses are ahead.
Looking forward, Uniswap is poised to extend its strong downtrend and continue declining.
Registering some good gains for about 3 months now. Uniswap has recovered 1,929,955% since descending to a significant low of $0 around 3 months ago.
