💡 Quick technical analysis:

✅ Strong and sudden jump! After hitting the bottom at $1.324, UMA skyrocketed to $1.878 within hours, reflecting significant liquidity influx and intense buying interest.

✅ Healthy retracement after the rise! The price corrected slightly to $1.65 and is now showing stability indicating the possibility of preparing for a new wave.

✅ RSI at 58.15 – Positive momentum without reaching overbought territory, which means there is still room for further rise.

✅ MACD close to a positive crossover! Despite a slight retreat in momentum, the convergence between the MACD and DEA lines indicates the likelihood of a new breakout if buyers return.

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🚀 Expected scenario:

  • If UMA breaks the current resistance around $1.70 - $1.75, we may see a quick retest of the recent peak at $1.878, and maybe even an extension to $2.00 if the momentum continues!

  • In case of a pullback, the $1.55 - $1.58 area represents strong support that could bring the price back up again.

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🔥 Is UMA about to write a new chapter of rising?!

With the launch of 'Optimistic Oracle' and strong market interaction, all indicators suggest that UMA may be on the brink of a new bullish wave! Will you be among the first to ride this wave? 🌊

📢 Share your opinion! Do you expect c-22 to rise to $2.00 soon? 🚀👇

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