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April 08, 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. Small gain for Uniswap at $6.47 after ranging between $6.29 and $6.47 today.
Uptick comes while some more positive signs for Uniswap are out as highly important Unemployment Rate data from United States beat analyst expectations of 3.6 with a reading of 3.5.
Nevertheless, highly important Non Farm Payrolls data from United States beat analyst expectations of 239,000 with a reading of 236,000.
Meanwhile, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 226,100, while the previous figure was 181,100.
Following today's trading session, chart analysis suggests although UNICORN Token USD is appreciating today after rising as high as $6.47, price action is now slowing and consolidating around 52 cents below the $7 resistance level.
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.
Meanwhile, Ripple slides down 1.5% to trade around $0.505.
On an upward trend for about a month now. Uniswap hit a significant low of $0 around a month ago, but has since recovered 2,654,432%.
