$6.65 is actually a very easy and conservative target. We tend to cap profits potential when we approach the market using leverage. When doing spot, we get all the targets all the way to a new all-time high—price discovery—and beyond.
Here we have a very strong bullish chart setup. Consider this. When the action recovers above long-term support we know this to be bullish. I just mentioned this signal on APEUSDT.
UMAUSDT moved below not only August 2024 but also October 2023. It has recovered, it is trading back above both levels and this is truly as good as it gets. We can see a break above EMA55/89 (3D sessions) coupled with rising volume and very, very strong full green candle. This type of action reveals the start of a major bullish advance.
I think UMA can easily hit $10, $17 and $23. Somehow I am getting the feeling that $23 will not be the end of the bull market for this pair. Which means that it can go higher... We will have to wait and see of course. Growth potential is always unlimited. There is no limit to the upside. Anything can happen. We are open to see maximum growth in the coming months. The strongest bullish cycle in the history of Crypto.
Thanks a lot for your continued support.
Namaste.
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