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February 24, 2023
Uniswap has been losing ground for 3 days Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Tentatively higher from an earlier low of $6.29, Uniswap is up to $6.47 today, adding $0.103, or 1.62%, to today's closing price of $6.37.
Uniswap upside coincides with further encouraging market factors as highly important Crude Oil Inventories data from United States beat analyst expectations of 2 million with a reading of 7.65 million. Highly important Initial Jobless Claims data from United States beat analyst expectations of 200,000 with a reading of 192,000.
Nevertheless, following a previous reading of 3.2, GDP in United States released yesterday at 13:30 UTC fell short of the 2.9 figure expected by analysts with an actual reading of 2.7.
As the trading day commences, technical analysis suggests UNICORN Token USD reversed direction at $7 resistance zone and retreated back 52 cents below it.
Other markets are also showing gains as FTX Token leaps up 9.54% to trade around $1.36.
Meanwhile, after ending today's session at $1.34, Tezos USD lost $0.022 and is trading around $1.32.
Furthermore, the market is looking at United States Core PCE Price Index (MoM) (Jan) is expected today at 13:30 UTC. United States New Home Sales (Jan) scheduled to come out today at 15:00 UTC.
After hitting an important low of $0 approximately 14 days ago, Uniswap has bounced back 2,654,432% since.
