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April 04, 2023While 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 closing at $6.37 today, Uniswap began today at $6.37 with significant bullish sentiment driving Uniswap's price action higher. So far today, price action has drawn out a distinct $6.29 to $6.47 range.
United States JOLTs Job Openings (Feb) is next today at 14:00 UTC.
Meanwhile, United States ISM Manufacturing PMI (Mar) released yesterday at 14:00 UTC with a figure of 46.3, while the previous figure was 47.7. United States ISM Manufacturing Employment (Mar) came out at 46.9, while a consensus of analysts was expecting 50. Fresh ISM Manufacturing Prices (Mar) data from United States came out at 49.2.
Technical analysis shows that UNICORN Token USD could be slowing down soon as it approaches resistance at $7. Of course, crossing it might suggest further gains are ahead.
Other markets are also showing gains as FTX Token is up 9.54% to $1.36. Dogecoin climbs 4.14% to trade around $0.1.
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 -1.8 million. It previously stood at -7.49 million; data will be released tomorrow at 14:30 UTC.
Also worthy of note, United States ADP Nonfarm Employment Change (Mar) will be released tomorrow at 12:15 UTC. United States JOLTs Job Openings (Feb) is expected today at 14:00 UTC.
Trending positively for about a month. Uniswap is up 2,654,432% from the significant low of $0 it hit a month ago.
