Uniswap dull so far today at $4.62, while in the midst of a bearish run

Uniswap is on a 10 day downtrend Today is looking a bit better: Uniswap trades at $4.62, after ending today at $4.63.

Uncertainty around Uniswap is reflected by published market data as 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. United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.39 trillion, while the previous figure was 8.39 trillion. United States Reserve Balances with Federal Reserve Banks released yesterday at 20:30 UTC with a figure of 3.31 trillion, while the previous figure was 3.21 trillion.

As the trading day commences, technical analysis suggests UNICORN Token USD is approaching key support, around 7 cents away from $4.56. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

While Uniswap is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%.

Trending positively for about 3 months. Uniswap is up 1,929,955% from the significant low of $0 it hit 3 months ago.