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June 12, 2023Uniswap has been losing ground for 14 days Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Uniswap trades at $4.28 after gaining $0.229 (5.65%).
At the same time, United States Federal Budget Balance (May) released today at 18:00 UTC with a figure of -240 billion, while the previous figure was 176 billion. United States 10-Year Note Auction came out at 3.791. United States 3-Year Note Auction released today at 15:30 UTC with a figure of 4.202, while the previous figure was 3.695.
UNICORN Token USD could be slowing down soon as it approaches resistance at $4.37. Of course, crossing it might suggest further gains are ahead. Despite posting gains so far today, Uniswap slid below its 21 day Simple Moving Average at $3.9 in earlier trade — an early indicator that a negative trend could be emerging.
Examining the technical analysis landscape, Uniswap is likely to reverse course and start pointing downward in the short term.
Uniswap shows positive signs, other assets are also on par: FTX Token is up 9.54%. Cosmos USD is up 3.95% to $8.78.
The market is looking forward to the release of new data: United States Consumer Price Index figure is projected at 0.2%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC.
Registering some good gains for about 3 months now. 4 months ago, Uniswap fell to a low of $0 but has since recovered 1,689,000%.
