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

Uniswap weakened earlier in the day, before moving away from its $6.29 low and recovering back to $6.43.

Highly important Producer Price Index data from United States beat analyst expectations of 0.3% with a reading of 0.2%. Following a previous reading of 242,000, Initial Jobless Claims in United States released yesterday at 12:30 UTC fell short of the 245,000 figure expected by analysts with an actual reading of 264,000.

Amid the market gloom, United States CFTC Crude Oil speculative net positions released today at 20:30 UTC with a figure of 216,600, while the previous figure was 214,800.

Following today's trading session, chart analysis suggests the resistance level is at $7, followed by $7.19.

Other assets are showing positive performances as FTX Token is up 9.54%. Chainlink USD is up 3.95%. TRON is up 1.66%.

Trending positively for about 2 months. Uniswap now trading 3,986.51% above its 3-month low of $0.