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February 27, 2023
Slightly weaker but mostly flat: Uniswap is currently trading at $6.43 as it maintains an active range between $6.29 and $6.7.
United States Core Durable Goods Orders data will be released today at 13:30 UTC, with an expected improvement to 0.1%. Uniswap reaction to indicator information will follow.
A study of Uniswap's historical price actions shows UNICORN Token USD could begin to recover as it approaches significant support, now 8 cents away from $6.51. Dipping below could be an indication that further losses are ahead.
In the meantime, negative performances are also seen in other markets, Cardano stumbles 1.61% to trade around $0.363. Binance Coin slumps 1.15% to trade around $305.
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.
Looking ahead, ongoing depreciation may be prolonged as United States Pending Home Sales expected to decline to 1% while its preceding data was 2.5%, data will be available today at 15:00 UTC.
In addition, United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.2%; data will be released today at 13:30 UTC. United States Consumer Confidence is projected to outperform its last figure with 108.5. It previously stood at 107.1; data will be released tomorrow at 15:00 UTC.
Uniswap is now trading 2,761,848% above the significant low ($0) it slumped to 17 days ago.
