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March 04, 2023
Uniswap remains constrained within a $6.29 to $6.7 range and is currently trading around the $6.43 level.
Meanwhile, United States ISM Non-Manufacturing PMI (Feb) released yesterday at 15:00 UTC with a figure of 55.1, while the previous figure was 55.2. Fresh CFTC Crude Oil speculative net positions data from United States came out at 224,200. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 128,800, while the previous figure was 160,300.
UNICORN Token USD made an initial break below its 200 day Simple Moving Average at $6.11, a possible indication of a forthcoming negative trend.
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 $1.22 (down 7.12%). Dogecoin is down to $0.074, losing $0.002, after closing at $0.077 in the preceding trading session.
Positive performances can be seen by looking at other markets as FTX Token soars 9.54% to trade around $1.36.
Uniswap has recovered 2,761,848% since descending to a significant low of $0 around 22 days ago.
