Uniswap went up to $5.83 only to drop back some of the way and is now trading at $5.73.
United States's Crude Oil Inventories new data released of -12.58 million below its previous figure.
Uptick comes while some more positive signs for Uniswap are out as United States Pending Home Sales beat analyst expectations of -5% and the previous reading of -8.7% with new data of -4.6%.
Nevertheless, following a previous reading of -3.69 million, Crude Oil Inventories in United States released today at 15:30 UTC fell short of the -2.76 million figure expected by analysts with an actual reading of -12.58 million.
At the same time, United States JOLTs Job Openings (Oct) released today at 15:00 UTC with a figure of 10.33 million, while the previous figure was 10.69 million.
UNICORN Token USD broke through the $5.58 resistance, climbing 15 cents above it. Uniswap made an initial breakout above its 21 day Simple Moving Average at $5.62, a potential indicator of a newly emerging bullish phase. On the other hand, note that Uniswap's upper Bollinger Band® is at $6.22, this is a slight indication of a slowdown.
Overall, looking at the technical analysis landscape, it seems Uniswap likely to continue pointing upward in the short term.
Uniswap shows positive signs, other assets are also on par: having closed the previous session at $1,217.81, Ethereum is up 4.07% today to currently trade at around $1,267.44. NEAR Protocol is up 6.74%. Bitcoin is up 2.49%.
Moreover, macro data could boost sentiment further as United States Initial Jobless Claims is projected to outperform its last figure with 235,000. It previously stood at 240,000; data will be released tomorrow at 13:30 UTC.
Furthermore, the market is looking at United States Core PCE Price Index (MoM) (Oct) scheduled to come out tomorrow at 13:30 UTC. United States ISM Manufacturing PMI (Nov) is expected tomorrow at 15:00 UTC.
Trading mostly sideways for 5 months. 10 months ago Uniswap reached a significant high of $18.46 but has consequently lost 70.36% since then.