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March 07, 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.
Uniswap is currently trading at $6.47 following the release of EIA Short-Term Energy Outlook data from the United States.
At the same time, United States 3-Year Note Auction released today at 18:00 UTC with a figure of 4.635, while the previous figure was 4.073. United States Factory Orders released yesterday at 15:00 UTC is better than expected at -1.6% but down from preceding data of 1.7% according to new data.
As the trading day comes to an end, chart analysis indicates 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.
Other markets are also showing gains as FTX Token gained 9.54% and is currently trading at $1.36.
At the same time, Algorand USD is trading around $0.214 (down $0.012).
Furthermore, the market is looking at projections for United States Crude Oil Inventories are set for a continuation of decline with -308,000 while previous data was 1.17 million; data will be released tomorrow at 15:30 UTC.
Elsewhere, United States ADP Nonfarm Employment Change (Feb) is expected tomorrow at 13:15 UTC. United States JOLTs Job Openings (Jan) will be released tomorrow at 15:00 UTC.
Uniswap hit a significant low of $0 around 25 days ago, but has since recovered 2,654,432%.
