Having ended Wednesday at $0, Uniswap dropped to $0, hitting its lowest point in 7 months. It later recovered $0 and trades at $0.
Uniswap is currently trading at $0 following the release of Core PCE Price Index (MoM) (Dec) data from the United States.
Uniswap's state is reflected by market data as United States Core PCE Price Index (MoM) (Dec) released today at 13:30 UTC with a figure of 0.3, while the previous figure was 0.2. United States New Home Sales (Dec) came out at 616,000, while a consensus of analysts was expecting 617,000. Highly important Core Durable Goods Orders data from United States beat analyst expectations of -0.2% with a reading of -0.1%.
UNICORN Token USD made an initial break below its 5 day Simple Moving Average at $6.63, a possible indication of a forthcoming negative trend. Uniswap has potential of recording further declines after crossing its lower Bollinger Band® at $3.17.
Although price action remains in a stalemate, technical analysis suggests Uniswap could be primed for a break to the downside.
While Uniswap is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. NEAR Protocol is down $0.095 from the beginning of the session and now trades around $2.43. TRON gained 1.25% and is now trading at $0.062.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Pending Home Sales is projected to outperform its last figure with -0.9%. It previously stood at -4%; data will be released today at 15:00 UTC.
Trading mostly sideways for 7 months. This year has been a bright one for Uniswap after trading as low as $3.63 and going on to appreciate by 100% year to date.