🚀 UMA – Universal Market Access
🔹 Foundation and Establishment
UMA was launched in 2018 by former experts at Goldman Sachs and aims to empower anyone to access financial markets via blockchain. The protocol was officially launched in 2020 on Ethereum.
🔹 Mechanism of Action
It relies on an Optimistic Oracle for data verification, with a DVM voting system in case of objections to enable the creation of synthetic assets representing any financial asset without actual ownership.
📊 Quick Historical Numbers
Highest Price: $43.37 (February 2021)
Lowest Price: $0.90 (April 2025)
Current Price: ~$1.4 (historical support areas and close to the 200-day average)
📈 Technical Analysis
RSI ~78: Short-term overbought
MACD Positive: Moderate upward momentum
ADX ~35: Relatively strong upward trend
Price is above the 50 and 100-day moving averages, and the 200-day average is very close at $1.46
Most indicators are leaning towards “Strong Buy” with a possibility of a short correction before continuing the rise
💡 Considered Outlook
The price is close to important support levels, and momentum indicators suggest a cautious opportunity for a breakout. The balance between the current overbought condition and the upward trend makes closely tracking price movements an important factor for any decision.
🚨DYOR