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April 07, 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. Small gain for Uniswap at $6.47 after ranging between $6.29 and $6.47 today.
Nevertheless, United States Initial Jobless Claims released earlier showed a marked improvement to 228,000 from the preceding data of 246,000, but fell short of the 200,000 figure forecast by a consensus of market analysts.
At the same time, United States Reserve Balances with Federal Reserve Banks released yesterday at 20:30 UTC with a figure of 3.38 trillion, while the previous figure was 3.40 trillion. United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.63 trillion, while the previous figure was 8.71 trillion.
As the day gets underway, chart analysis suggests UNICORN Token USD is 52 cents away from testing key resistance at $7. Peaking above this level could inspire market bulls and open the path to further gains.
Other markets are also showing gains as FTX Token is up 9.54%.
Also worthy of note, United States Non Farm Payrolls projected to come out at 239,000 — worse than previous data of 311,000; data will be released today at 12:30 UTC.
Furthermore, the market is looking at United States Unemployment Rate figure is projected at 3.6. It previously stood at 3.6; data will be released today at 12:30 UTC.
Registering some good gains for about a month now. Uniswap is up 2,654,432% from the significant low of $0 it hit a month ago.
