Uniswap set for weak finish today; down 2.98% to $6.43 with a hour before close

Uniswap drops from $6.63 to $6.43, losing $0.197 (2.98%) today.

Unemployment Rate in United States fell short of market expectations (3.4) with a reading of 3.6, continuing the decline from the previous figure of 3.4.

Nonetheless, encouraging indicators for Uniswap published earlier when highly important Non Farm Payrolls data from United States beat analyst expectations of 205,000 with a reading of 311,000.

Meanwhile, United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 107,100, while the previous figure was 128,800.

UNICORN Token USD made an initial break below its 50 day Simple Moving Average at $5.56, a possible indication of a forthcoming negative trend. Price action pushed below a known Fibonacci support level at $5.51 by around $0.924 with prices hammering out a $6.29 – $6.7 range by session close.

In the short term, Uniswap is expected to maintain its recent downtrend and continue spiralling lower.

In the meantime, negative performances are also seen in other markets, EOS closed at $1 (down 4.47%). After ending today's session at $71.63, Litecoin lost $2.56 and is trading around $69.06.

Other assets are showing positive performances as FTX Token is up 9.54%.

Uniswap hit a significant low of $0 around 29 days ago, but has since recovered 2,761,848%.