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June 27, 2023Small gain for Uniswap at $5.31 after ranging between $5.24 and $5.35 today.
- New United States Consumer Confidence improved upon the previous 102.5 figure while also exceeding analyst expectations with a reading of 109.7.
- Today's gains are adding to Uniswap's a 17 day bullish trend, during which it gained a total of $1.21.
United States New Home Sales (May) released today at 14:00 UTC with a figure of 763,000, while the previous figure was 680,000. Highly important Consumer Confidence data from United States beat analyst expectations of 104 with a reading of 109.7.
UNICORN Token USD could be slowing down soon as it approaches resistance at $5.33. Of course, crossing it might suggest further gains are ahead. Despite posting gains so far today, Uniswap slid below its 3 day Simple Moving Average at $5.16 in earlier trade — an early indicator that a negative trend could be emerging. Uniswap's upper Bollinger Band® is at $5.44, this is a slight indication of a slowdown.
Technical analysis suggests there could be an imminent reversal for Uniswap.
United States Crude Oil Inventories is projected to outperform its last figure with 1.42 million. It previously stood at -3.83 million; data will be released tomorrow at 14:30 UTC. United States Fed Chair Powell speech scheduled to come out tomorrow at 13:30 UTC.
FTX Token gained 9.54% and is now trading at $1.36. Bitcoin Cash gained 4.43% and is currently trading at $232.78. Bitcoin improves 1.83% to trade around $30,822.
Registering some good gains for about 4 months now. Uniswap hit a significant low of $0 around 4 months ago, but has since recovered 2,194,475%.
