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May 10, 2023
While Uniswap in the midst of a 3 day downtrend, Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After dipping down to $6.29, Uniswap regains earlier losses and goes up to $6.47.
United States Core Consumer Prices is next today at 12:30 UTC.
At the same time, United States API Weekly Crude Oil Stock came out at 3.62 million, while a consensus of analysts was expecting -1.6 million. United States 3-Year Note Auction released yesterday at 17:00 UTC with a figure of 3.695, while the previous figure was 3.81.
As the trading day commences, technical analysis suggests UNICORN Token USD's nearest resistance stands at $7, followed by $7.19.
Other markets are also showing gains as FTX Token is up 9.54% to $1.36.
At the same time, Bitcoin Cash is down to $120.15, losing $1.83, after closing at $121.98 in the preceding trading session.
Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Producer Price Index is projected to outperform its last figure with 0.3%, having previously been at -0.5%. The figure will be published tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -917,000. It previously stood at -1.28 million; data will be released today at 14:30 UTC.
The market is looking forward to the release of new data: United States Consumer Price Index figure is projected at 0.4%. It previously stood at 0.1%; data will be released today at 12:30 UTC.
Registering some good gains for about 2 months now. Having set a significant low of $0 2 months ago, Uniswap is trading 2,654,432% higher.
