Uniswap is down 2.98%, trading at $6.43

Uniswap weakened earlier in the day, before moving away from its $6.29 low and recovering back to $6.43.

United States Building Permits (Apr) is next today at 12:30 UTC.

United States Retail Sales released earlier showed a marked improvement to 0.4% from the preceding data of -0.7%, but fell short of the 0.8% figure forecast by a consensus of market analysts.

On the flip side, new Core Retail Sales data from United States matched market expectations with a reading of 0.4% — a positive step in contrast to previous data of -0.5% from last month.

Meanwhile, United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of 3.69 million, while the previous figure was 3.62 million.

Visual analysis of Uniswap's chart shows that the resistance level is at $7, followed by $7.19.

Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Litecoin improves 2.34% to trade around $92.23. Having closed the previous session at $0.442, Ripple is up 1.57% today to currently trade at around $0.449.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of -920,000, following on from the preceding figure of 2.95 million. New data is set to be published today at 14:30 UTC.

Moreover, United States Initial Jobless Claims is projected to outperform its last figure with 254,000. It previously stood at 264,000; data will be released tomorrow at 12:30 UTC.

Furthermore, United States Philadelphia Fed Manufacturing Index (May) scheduled to come out tomorrow at 12:30 UTC.

Registering some good gains for about 2 months now. Uniswap hit a significant low of $0 around 3 months ago, but has since recovered 2,761,848%.