Uniswap gets off to a weak start; down 2.98% this morning to $6.43

Uniswap remains constrained within a $6.29 to $6.7 range and is currently trading around the $6.43 level.

Nonetheless, encouraging indicators for Uniswap published earlier when United States Initial Jobless Claims came out at 190,000, better than analyst estimates of 195,000 and improving upon the previous reading of 192,000.

Amid the market gloom, United States Nonfarm Productivity (QoQ) (Q4) released yesterday at 13:30 UTC with a figure of 1.7, while the previous figure was 1.4. United States Unit Labor Costs (QoQ) (Q4) came out at 3.2, while a consensus of analysts was expecting 1.6.

As the trading day commences, technical analysis suggests UNICORN Token USD pushed below the $6.51 support level and extended 8 cents beyond it.

In the meantime, negative performances are also seen in other markets, Litecoin is down to $88.78, losing $6.54, after closing at $95.32 in the preceding trading session. Dogecoin drops 6.82% to trade around $0.075. Bitcoin is trading around $22,339 (down $1,140).

Furthermore, United States ISM Non-Manufacturing PMI (Feb) is expected today at 15:00 UTC.

21 days ago, Uniswap fell to a low of $0 but has since recovered 2,761,848%.