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April 11, 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. 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 EIA Short-Term Energy Outlook is next today at 16:00 UTC.
Uniswap's notable support and resistance levels: UNICORN Token USD could be slowing down soon as it approaches resistance at $7. Of course, crossing it might suggest further gains are ahead.
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. Having closed the previous session at $20.91, Solana is up 7.11% today to currently trade at around $22.39.
Moreover, macro data could boost sentiment further as United States Crude Oil Inventories is projected to outperform its last figure with -1.3 million. It previously stood at -3.74 million; data will be released tomorrow at 14:30 UTC.
Also worthy of note, United States Consumer Price Index figure is projected at 0.2%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.
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%.
