a bearish technical analysis for $UMA /USDT, including targets and trade momentum:

📉

$UMA /USDT – Bearish Trade Setup

Current Price: $1.097

24h High / Low: $1.146 / $1.078

24h Change: +1.20%

Category: DeFi

📊 Technical Analysis

$UMA is struggling to hold above the $1.10 mark, showing rejection near the resistance zone of $1.13–$1.14. The price has failed to sustain intraday highs, and a break below $1.078 support would confirm a bearish continuation pattern.

Weak volume follow-through on green candles and failure to reclaim $1.13 resistance suggests sellers are regaining control.

🎯 Bearish Targets

Target 1: $1.06

Target 2: $1.02

Target 3: $0.98

🔺 Stop Loss

Stop Loss: $1.14 (above key resistance zone)

📢 Trade Momentum: Bearish

Price rejection at higher levels and loss of momentum signal potential downside continuation if $1.078 breaks.

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