$UMA is currently priced at 1.153 USDT, nearing its resistance level of 1.155 USDT.
With an RSI of 75.03, signs suggest a potential overbought condition.
The market structure appears bullish, but caution is warranted as it tests resistance.
A breakout strategy could be advisable if the price exceeds 1.155 USDT.
However, keep an eye on Bitcoin's volatility and upcoming macroeconomic events as risk factors.
