| 
July 02, 2023
Uniswap is grinding lower from $5.58 to $5.49, shedding $0.092 (1.64%) today.
UNICORN Token USD made an initial break below its 3 day Simple Moving Average at $5.14, a possible indication of a forthcoming negative trend. Uniswap is currently flirting with an active Fibonacci support level around $5.51. Uniswap's upper Bollinger Band® is at $5.72 which indicates a further downward move may follow. Despite this, Uniswap could begin to recover as it approaches significant support, now 17 cents away from $5.33. 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, after ending today's session at $291.53, Bitcoin Cash lost $13.49 and is trading around $278.04. EOS slides down 4% to trade around $0.754.
Other assets are showing positive performances as FTX Token is up 9.54%.
Furthermore, United States ISM Manufacturing PMI (Jun) will be released tomorrow at 14:00 UTC.
Trending positively for about 4 months. Uniswap is now trading 2,326,700% above the significant low ($0) it slumped to 4 months ago.
