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February 25, 2023
While 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.
Meanwhile, United States New Home Sales (Jan) released yesterday at 15:00 UTC with a figure of 670,000, while the previous figure was 625,000. United States Core PCE Price Index (MoM) (Jan) came out at 0.6, while a consensus of analysts was expecting 0.4. Fresh CFTC S&P 500 speculative net positions data from United States came out at -222,300.
Analysis of Uniswap's recent price action suggests UNICORN Token USD is 52 cents away from testing key resistance at $7. Peaking above this level could inspire market bulls and open the path to further gains.
Uniswap shows positive signs, other assets are also on par: FTX Token leaps up 9.54% to trade around $1.36. TRON is up 1.14%.
Uniswap is now trading 2,654,432% above the significant low ($0) it slumped to 15 days ago.
