| 
April 13, 2023
While 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. Marginally higher but lacking a clear-cut direction, Uniswap is trading at $6.47 after ranging between $6.29 and $6.47 today.
United States Initial Jobless Claims data will be released today at 12:30 UTC, with an expected decline to 232,000.
This move comes while some more positive signs for Uniswap are out as United States Crude Oil Inventories beat analyst expectations of -583,000 and the previous reading of -3.74 million with new data of 597,000.
At the same time, United States Consumer Price Index released yesterday at 12:30 UTC with a figure of 0.1%, while the previous figure was 0.4%. United States Consumer Price Index came out at 5%, while a consensus of analysts was expecting 5.2%.
Uniswap chart analysis: UNICORN Token USD could be slowing down soon; it is getting close to the resistance line and is now at $7, only 52 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
Uniswap shows positive signs, other assets are also on par: FTX Token is up 9.54%.
At the same time, NEAR Protocol is trading around $2.19 (down $0.038).
Moreover, macro data could boost sentiment further as 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 today at 12:30 UTC.
Furthermore, the market is looking at United States Core Retail Sales projected to decline to -0.3% while previous data was -0.1%; data will be released tomorrow at 12:30 UTC. Today at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 232,000 from the preceding figure of 228,000.
Registering some good gains for about a month now. After hitting an important low of $0 approximately 2 months ago, Uniswap has bounced back 2,654,432% since.
