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May 02, 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. Uniswap is up to $6.47 today after closing today at $6.37. Overall, a 1.62% move or $0.103 today.
Meanwhile, United States ISM Manufacturing PMI (Apr) released yesterday at 14:00 UTC with a figure of 47.1, while the previous figure was 46.3. United States ISM Manufacturing Prices (Apr) came out at 53.2, while a consensus of analysts was expecting 49. Fresh ISM Manufacturing Employment (Apr) data from United States came out at 50.2.
As the day gets underway, chart analysis suggests UNICORN Token USD's nearest resistance stands at $7, followed by $7.19.
Uniswap shows positive signs, other assets are also on par: FTX Token is up 9.54%.
Meanwhile, TRON is trading around $0.067 (down $0.001).
Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Crude Oil Inventories is projected to outperform its last figure with -1,000,000. It previously stood at -5 million; data will be released tomorrow at 14:30 UTC.
Furthermore, the market is looking at United States Interest Rate is expected tomorrow at 18:00 UTC. United States ADP Nonfarm Employment Change (Apr) is scheduled for tomorrow at 12:15 UTC.
Registering some good gains for about 2 months now. Uniswap hit a significant low of $0 around 2 months ago, but has since recovered 2,654,432%.
