Uniswap set for weak finish today; down 0.93% to $4.73 with 7 minutes before close

Struggling to find upward momentum, Uniswap has shed $0.044 to currently trade at $4.73 as it ranges between $4.71 and $4.89 so far today.

United States's Crude Oil Inventories new data released of -3.83 million below its previous figure.

Crude Oil Inventories in United States fell short of market expectations (1.87 million) with a reading of -3.83 million, continuing the decline from the previous figure of 7.92 million. New United States Initial Jobless Claims data fell short of the 260,000 projected by analysts with a reading of 264,000 while failing to improve upon the previous reading from last month (264,000).

Meanwhile, United States Existing Home Sales (May) released today at 14:00 UTC with a figure of 4.3 million, while the previous figure was 4.29 million.

UNICORN Token USD made an initial break below its 3 day Simple Moving Average at $4.74, a possible indication of a forthcoming negative trend. Uniswap's upper Bollinger Band® is at $4.94 which indicates a further downward move may follow. On the other hand, note that Uniswap could begin to recover as it approaches significant support, now 5 cents away from $4.68. Dipping below could be an indication that further losses are ahead.

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Uniswap.

In the meantime, negative performances are also seen in other markets, Binance Coin is down to $241.06, losing $7.94, after closing at $249 in the preceding trading session. Solana is trading around $16.68 (down $0.569).

Other assets are showing positive performances as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.

Furthermore, United States Services PMI figure is projected at 54. It previously stood at 54.9; data will be released tomorrow at 13:45 UTC.

On an upward trend for about 4 months now. Uniswap hit a significant low of $0 around 4 months ago, but has since recovered 1,989,550%.