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March 08, 2023
Uniswap remains constrained within a $6.29 to $6.7 range and is currently trading around the $6.43 level.
United States's Crude Oil Inventories new data released of -1.69 million below its previous figure.
Highly important Crude Oil Inventories data from United States beat analyst expectations of 395,000 with a reading of -1.69 million.
Amid the market gloom, United States JOLTs Job Openings (Jan) came out at 10.82 million, while a consensus of analysts was expecting 10.5 million. United States ADP Nonfarm Employment Change (Feb) released today at 13:15 UTC with a figure of 242,000, while the previous figure was 119,000.
Following today's trading session, chart analysis suggests UNICORN Token USD could begin to recover as it approaches significant support, now 26 cents away from $6.17. Dipping below could be an indication that further losses are ahead.
In the meantime, negative performances are also seen in other markets, after ending today's session at $20.28, Solana lost $1.62 and is trading around $18.65. Algorand USD is down to $0.204, losing $0.014, after closing at $0.218 in the preceding trading session.
Other assets are showing positive performances as FTX Token soars 9.54% to trade around $1.36.
Looking ahead, ongoing depreciation may be prolonged as tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 195,000 from the preceding figure of 190,000.
Uniswap hit a significant low of $0 around 26 days ago, but has since recovered 2,761,848%.
