1-week timeframe
📈 UMA/USD 1W Analysis: Waiting for Recovery 🔎
UMA at ~$1.43 (-1.00% for the week) is testing the 200-week MA ($1.50). RSI (~31.58) is neutral, volumes are declining (-19%). Weekly volume: ~$70M.
🔑 Key Levels:
Resistance: $1.96–$2.23 (forecast for 2025).
Support: $1.21–$1.35.
📈 Forecast: Weekly forecast: rise to $1.96 (+37%) if holding $1.35. A drop below $1.21 will lead to a test of $1.06 (ATL). Collaboration with EigenLayer and Polymarket — growth driver! 🚀