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March 13, 2023Uniswap is grinding lower from $6.63 to $6.43, shedding $0.197 (2.98%) today.
Uniswap is currently trading at $6.43 following the release of U.S. President Biden speech data from the United States.
While price action maintains a negative bias, United States Participation Rate (Feb) released today at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
Despite being in the red so far in the current trading session, UNICORN Token USD peaked above its 200 day Simple Moving Average around $6.11 — typically an early indicator of a new bullish trend beginning to emerge. On the other hand, note that Uniswap is currently flirting with an active Fibonacci support level around $5.51.
Overall, looking at the technical analysis landscape, it seems Uniswap —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
Other assets are showing positive performances as Bitcoin is up 9.25%. Binance Coin surges 6.21% to trade around $308.55. FTX Token is up 9.54%.
Furthermore, United States Consumer Price Index figure is projected at 0.4%. It previously stood at 0.5%; data will be released tomorrow at 12:30 UTC. United States Consumer Price Index figure is projected at 6%. It previously stood at 6.4%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.
Uniswap hit a significant low of $0 around a month ago, but has since recovered 2,761,848%.
