$UMA has experienced a slight dip of 1.723% over the past 24 hours.
The price fluctuated between a high of 1.19 and a low of 1.1.
Current support is found at 1.1, while resistance sits at 1.171.
With an RSI of 48.1, UMA is neither overbought nor oversold, indicating indecisive market sentiment.
Traders appear cautious, potentially awaiting clearer signals before committing.
If the price approaches 1.1, a bounce back could occur, while a break below may trigger further declines.
Recent developments in regulatory scrutiny could also impact short-term performance.
