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March 01, 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 ISM Manufacturing PMI (Feb) is next today at 15:00 UTC.
Following a previous reading of 106, Consumer Confidence in United States released yesterday at 15:00 UTC fell short of the 108.5 figure expected by analysts with an actual reading of 102.9.
Amid the market gloom, United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of 6.20 million, while the previous figure was 9.89 million. United States Chicago PMI (Feb) came out at 43.6, while a consensus of analysts was expecting 45.
Chart analysis suggests UNICORN Token USD could begin to recover as it approaches significant support, now 26 cents away from $6.17. Dipping below could be an indication that further losses are ahead.
Other assets are showing positive performances as FTX Token gained 9.54% and is now trading at $1.36. Bitcoin gained 2.55% and is currently trading at $23,761. Having closed the previous session at $1.14, Tezos USD is up 4.38% today to currently trade at around $1.19.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as projections for United States Crude Oil Inventories are set for a continuation of decline with 457,000 while previous data was 7.65 million; data will be released today at 15:30 UTC. Tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 195,000 from the preceding figure of 192,000.
Furthermore, United States ISM Manufacturing PMI (Feb) scheduled to come out today at 15:00 UTC.
19 days ago, Uniswap fell to a low of $0 but has since recovered 2,761,848%.
