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April 15, 2023
While Uniswap in the midst of a 3 day downtrend, Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Currently trading at $6.47, Uniswap remains range-bound between $6.29 and $6.47.
Nevertheless, United States Core Retail Sales published yesterday at 12:30 UTC came out at -0.8%, falling short of the -0.3% projections and continuing its decline from the previous 0% figure. Retail Sales in United States fell short of market expectations (-0.4%) with a reading of -1%, continuing the decline from the previous figure of -0.2%.
At the same time, United States CFTC S&P 500 speculative net positions released yesterday at 20:30 UTC with a figure of -307,600, while the previous figure was -321,500.
As the trading day commences, technical analysis suggests UNICORN Token USD could be slowing down soon as it approaches resistance at $7. Of course, crossing it might suggest further gains are ahead.
Uniswap shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.
Meanwhile, after ending today's session at $0.089, Dogecoin lost $0.001 and is trading around $0.088.
Trending positively for about a month. Uniswap hit a significant low of $0 around 2 months ago, but has since recovered 2,654,432%.
