| 
July 04, 2023While Uniswap is on a 7 day uptrend Today's session might suggest a slow down — without a clear-cut direction, Uniswap is trading around $5.5 and ranging between $5.48 and $5.53.
Uncertainty around Uniswap is reflected by published market data as United States ISM Manufacturing PMI (Jun) released yesterday at 14:00 UTC with a figure of 46, while the previous figure was 46.9. United States ISM Manufacturing Employment (Jun) came out at 48.1, while a consensus of analysts was expecting 50.8. United States ISM Manufacturing Prices (Jun) released yesterday at 14:00 UTC with a figure of 41.8, while the previous figure was 44.2.
UNICORN Token USD's upper Bollinger Band® is at $5.84, suggesting that a downward move may follow. Despite this, Uniswap is approaching key support, around 1 cents away from $5.49. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
Despite the market lacking direction, technical chart analysis strongly suggests Uniswap is positioned for a downward move in the near term.
Other markets show mixed performance as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Bitcoin Cash closed at $284.43 (down 2.06%).
Furthermore, the market is looking at United States FOMC Meeting Minutes will be released tomorrow at 18:00 UTC.
Trending positively for about 4 months. Uniswap hit a significant low of $0 around 4 months ago, but has since recovered 2,300,933%.
