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April 12, 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. Uniswap is up to $6.47 today after closing today at $6.37. Overall, a 1.62% move or $0.103 today.
United States Core Consumer Prices is next today at 12:30 UTC.
At the same time, United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of 377,000, while the previous figure was -4.35 million. United States 3-Year Note Auction released yesterday at 17:00 UTC with a figure of 3.81, while the previous figure was 4.635.
A study of Uniswap's chart reveals various key levels to watch: 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: FTX Token jumps 9.54% to trade around $1.36.
At the same time, TRON is down to $0.064, losing $0.003, after closing at $0.066 in the preceding trading session.
Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Producer Price Index is projected to outperform its last figure with 0.1%. It previously stood at -0.1%; data will be released tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -583,000. It previously stood at -3.74 million; data will be released today 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 today at 12:30 UTC.
On an upward trend for about a month now. Uniswap is now trading 2,654,432% above the significant low ($0) it slumped to 2 months ago.
