This chart for $UMA /USDT on Binance highlights short-term bullish momentum, as seen from the current price of 1.302 USDT (+3.17%). The price is testing its 24h high of 1.306 USDT, suggesting possible resistance. On the downside, the support lies near 1.220 USDT (24h low).
The 24h trading volume of 1.35M UMA / 1.70M USDT shows moderate liquidity, with active buying interest. The moving averages (7, 25, 99 periods) provide key insights:
If price stays above the 7-period MA, short-term bullishness continues.
The 25-period MA may act as mid-term support.
The 99-period MA is a long-term indicator; if price holds above it, trend reversal could strengthen.
๐ Overall, UMA is currently in a bullish zone, but traders should watch closely for a breakout above 1.306 USDT or a pullback toward the support levels.