๐ Market Report: $UMA /USDT Strengthening Within DeFi Sector
UMA/USDT is trading at 1.466 USDT (Rs414.55), reflecting strong momentum within the DeFi category. Over the past 24 hours, the pair touched a high of 1.540 USDT and maintained support near 1.377 USDT, showing both bullish drive and healthy volatility. With 7.51M UMA traded against 10.91M USDT, liquidity remains solid, keeping UMA in focus as it consolidates near the upper range of its daily movement.
For traders, UMA presents a promising setup. Sustaining above the 1.44โ1.40 support zone could pave the way for another test of 1.54 resistance, while a breakout above that level may extend upside momentum toward higher targets. Any pullbacks closer to support can offer favorable entries for swing trades. Backed by its role in decentralized finance infrastructure, UMA continues to gain traction in the market, making it a strong candidate for traders eyeing profitable setups in the DeFi space.