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April 15, 2023
Uniswap has been losing ground for 3 days Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Currently trading at $6.47, Uniswap remains range-bound between $6.29 and $6.47.
On the flip side, highly important Core Retail Sales data from United States beat analyst expectations of -0.3% with a reading of -0.8%. Retail Sales in United States fell short of market expectations (-0.4%) with a reading of -1%, continuing the decline from the previous figure of -0.2%.
Meanwhile, United States CFTC S&P 500 speculative net positions released yesterday at 20:30 UTC with a figure of -307,600, while the previous figure was -321,500.
As the trading day comes to an end, chart analysis indicates UNICORN Token USD could be slowing down soon; it is getting close to the resistance line and is now at $7, only 52 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
Uniswap shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Cardano is up 3.7% to $0.454.
Registering some good gains for about a month now. Uniswap hit a significant low of $0 around 2 months ago, but has since recovered 2,654,432%.
