Bullish momentum is building. $UMA /USDT triggered multiple Strong Buy signals
Support / Resistance:
Support: Near $1.30–$1.31, aligned with 20/50/100-day moving averages indicating dependable price floors .
Resistance: Around $1.38–$1.40, where recent intraday highs have stalled.
Fibonacci Levels
Retracement Status: UMA is trading near interest levels that would correspond with the 38.2% or 50% retracement zones of the most recent swing, suggesting a potential consolidation phase around current price. (In absence of explicit fib zones, the MA cluster supports this view.)
Price Zones:
Support: $1.30–$1.31 (retracement confluence zone).
Resistance: $1.38–$1.40 (potential 61.8% extension target).
RSI
Value: RSI(14) is approximately 65.64, indicating bullish momentum but not yet overbought.
Interpretation: The RSI in the 60s signals strength. The market shows upside bias without overheating.
Entry Zones
Safer: Around $1.30–$1.31, where multiple MAs converge offers a lower-risk entry near support.
Aggressive: $1.34–$1.36, just below immediate resistance better reward if momentum carries price past $1.38.
Take-Profit Zones
TP1: $1.38–$1.40, near short-term resistance and recent price highs.
TP2: $1.45–$1.50, additional upside if breakout occurs, and if RSI moves toward overbought territory.
Stop-Loss Ideas
Conservative: Below key support around $1.29, just under the MA cluster.
Tight: Around $1.32, just below aggressive entry zone minimizes downside while allowing room to move.
Summary Table
Metric Value
Trend Building bullish momentum
Fibonacci Zones Support: $1.30–$1.31 | Resistance: $1.38–$1.40
RSI 65.6 — bullish, not overbought
Entry Zones Safer: $1.30–$1.31 | Aggressive: $1.34–$1.36
Take-Profits TP1: $1.38–$1.40 | TP2: $1.45–$1.50
Stop-Loss Conservative: $1.29 | Tight: $1.32
