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May 03, 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. Overall, Uniswap had a 1.62% move or $0.103 today and is currently trading at $6.47.
Meanwhile, United States JOLTs Job Openings (Mar) came out at 9.59 million, while a consensus of analysts was expecting 9.78 million. United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of -3.94 million, while the previous figure was -6 million. United States Factory Orders released earlier showed a marked improvement to 0.9% from the preceding data of -1.1%, but fell short of the 1.1% figure forecast by a consensus of market analysts.
As the day gets underway, chart analysis suggests UNICORN Token USD's nearest resistance stands at $7, followed by $7.19.
Other markets are also showing gains as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.
At the same time, Cardano is trading around $0.388 (down $0.003).
Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Crude Oil Inventories is projected to outperform its last figure with -1.1 million. It previously stood at -5 million; data will be released today at 14:30 UTC.
Furthermore, the market is looking at projections for United States Initial Jobless Claims are set for a continuation of decline with 240,000 while previous data was 230,000; data will be released tomorrow at 12:30 UTC.
Furthermore, the market is looking at United States Interest Rate figure is projected at 5.25. It previously stood at five; data will be released today at 18:00 UTC.
Trending positively for about 2 months. Uniswap is up 2,654,432% from the significant low of $0 it hit 2 months ago.
