Uniswap has been losing ground for 3 days Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Small gain for Uniswap at $6.47 after ranging between $6.29 and $6.47 today.
United States EIA Short-Term Energy Outlook is next today at 16:00 UTC.
Technical analysis shows that 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.
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. Solana added 6.81% to its value, now trading at $22.33.
Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Crude Oil Inventories is projected to outperform its last figure with -1.3 million. It previously stood at -3.74 million; data will be released tomorrow at 14:30 UTC.
Furthermore, the market is looking at United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.
On an upward trend for about a month now. After hitting an important low of $0 approximately a month ago, Uniswap has bounced back 2,654,432% since.