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April 14, 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.
Nevertheless, Producer Price Index in United States fell short of market expectations (0.1%) with a reading of -0.5%, continuing the decline from the previous figure of 0%. United States Initial Jobless Claims published yesterday at 12:30 UTC came out at 239,000, falling short of the 232,000 projections and continuing its decline from the previous 228,000 figure.
At the same time, United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.62 trillion, while the previous figure was 8.63 trillion.
As the day gets underway, chart analysis 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.
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. Ethereum goes up 4.78% to trade around $2,108.73.
Also worthy of note, today at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to -0.3% from the preceding figure of -0.1%.
Furthermore, the market is looking at United States Retail Sales figure is projected at -0.4%. It previously stood at -0.4%; data will be released today at 12:30 UTC.
Trending positively for about a month. Uniswap hit a significant low of $0 around 2 months ago, but has since recovered 2,654,432%.
