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April 08, 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. After closing the previous trading day at $6.37, Uniswap is up to $6.47, which makes for a move of 1.62%/$0.103 today.
Uniswap upside coincides with further encouraging market factors as United States Unemployment Rate came out at 3.5, better than analyst estimates of 3.6 and improving upon the previous reading of 3.6.
Nevertheless, Non Farm Payrolls in United States fell short of market expectations (239,000) with a reading of 236,000, continuing the decline from the previous figure of 326,000.
At the same time, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 226,100, while the previous figure was 181,100.
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.
On an upward trend for about a month now. Uniswap hit a significant low of $0 around a month ago, but has since recovered 2,654,432%.
