During a 4 day uptrend, Uniswap gained a total of $6.63, or 2,352,100%. Now turning against its recent performance, after closing at $6.63 today, Uniswap opened today at $6.63, to be greeted by bearish sentiment that overshadowing today's price action. Irrespective of the bearish mood, Uniswap retains a distinct $6.29 to $6.7 daily range.
United States FOMC Meeting Minutes is next today at 19:00 UTC.
Meanwhile, United States Existing Home Sales (Jan) came out at 4 million, while a consensus of analysts was expecting 4 million. United States 2-Year Note Auction released yesterday at 18:00 UTC with a figure of 4.673, while the previous figure was 4.139. United States Existing Home Sales released earlier showed a marked improvement to -0.7% from the preceding data of -2.2%, but fell short of the 2% figure forecast by a consensus of market analysts.
Technical analysis of Uniswap's past price action reveals multiple support and resistance levels: UNICORN Token USD's nearest support level is at $0.001, followed by $0.001 at the next level. Uniswap formed a session range of $6.29 to $6.7 leaving buyers and sellers highly concentrated around an active Fibonacci support level of $6.98.
In the meantime, negative performances are also seen in other markets, after ending today's session at $145.18, Bitcoin Cash lost $7.54 and is trading around $137.64.
Positive performances can be seen by looking at other markets as FTX Token gained 9.54% and is now trading at $1.36.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Crude Oil Inventories projected to decline to 1.17 million while previous data was 16.28 million; data will be released tomorrow at 16:00 UTC. United States Initial Jobless Claims expected to decline to 200,000 while its preceding data was 194,000, data will be available tomorrow at 13:30 UTC.
Furthermore, United States GDP is expected tomorrow at 13:30 UTC.
Uniswap hit a significant low of $0 around 12 days ago, but has since recovered 2,761,848%.