UMAs current price of 1.212 USDT is showing bullish momentum.

The RSI at 67.28 indicates it may be nearing overbought conditions.

A breakout above the resistance level of 1.218 USDT could present a solid buying opportunity.

Alternatively, a pullback towards the support level of 1.126 USDT offers a favorable entry.

Watch for Bitcoin's price movements and pending macroeconomic developments, as they could impact $UMA significantly.