Uniswap set for weak finish today; down 2.98% to $6.43 with 2 hours before close

Uniswap is grinding lower from $6.63 to $6.43, shedding $0.197 (2.98%) today.

Despite being in the red so far in the current trading session, UNICORN Token USD peaked above its 50 day Simple Moving Average around $5.56 — typically an early indicator of a new bullish trend beginning to emerge.

Technical analysis indicates that Uniswap (currently on a downtrend) might reverse course and start pointing upward in the short term.

Other assets are showing positive performances as FTX Token gained 9.54% and is now trading at $1.36. Bitcoin gained 4% and is currently trading at $21,430. Litecoin added 5.76% to its value, now trading at $73.47.

After hitting an important low of $0 approximately 30 days ago, Uniswap has bounced back 2,761,848% since.