Maintaining its 3 days rise (+$0.823), Consistent for now — after dipping down to $6.29, Uniswap regains earlier losses and goes up to $6.47.
United States Producer Price Index is next today at 13:30 UTC.
Meanwhile, United States CFTC Gold speculative net positions released yesterday at 19:30 UTC with a figure of 82,300, while the previous figure was 64599.99999999999. United States CFTC Nasdaq 100 speculative net positions came out at -2,400. Fresh CFTC S&P 500 speculative net positions data from United States came out at -177,100.
UNICORN Token USD's lower Bollinger Band® is at $5.16, indicating that the market is oversold and fertile for new buyers. Despite this, Uniswap could be slowing down soon as it approaches resistance at $6.16. Of course, crossing it might suggest further gains are ahead.
Overall, looking at the technical analysis landscape, it seems Uniswap might continue pointing upwards in the short term.
Uniswap shows positive signs, other assets are also on par: FTX Token added 22.1% to its value, now trading at $1.82. Algorand USD increases 4.35% to trade around $0.272.
Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Core Retail Sales is projected to outperform its last figure with 0.4%, having previously been at 0.1%. The figure will be published tomorrow at 13:30 UTC.
Furthermore, the market is looking at tomorrow at 15:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1.36 million from the preceding figure of 3.92 million.
Elsewhere, United States Producer Price Index is expected today at 13:30 UTC.
Trading mostly sideways for 5 months. 10 months ago Uniswap reached a significant high of $18.46 but has consequently lost 65.49% since then.