💡 Quick technical analysis:
✅ Strong rebound! UMA bounced from a low of $1.32 to reach $1.87 and then stabilized at $1.665 – a clear signal of strong liquidity entering and increasing buying interest!
✅ RSI is positive! The Relative Strength Index (RSI) is at 67.24, indicating strong buying momentum and approaching overbought territory – but there is still room for additional upward movement before a correction.
✅ MACD shows the beginning of a recovery! The convergence of the MACD lines and the DEA indicates the possibility of a bullish crossover soon – which is usually a signal for a price explosion!
✅ Increasing trading volumes! The volume in the last candles shows notable interest, with a gradual rise in the MA(5) above MA(10).
✅ The stochastic indicator (K%D%J) shows a positive crossover, especially with line J rising to 70.46, supporting the likelihood of continued upward movement in the short term.
🚀 Expected scenario:
If UMA breaks the $1.87 area (the highest price in 24 hours), the path may be paved towards $2.10 and possibly $2.25 as the next resistance levels!
In the event of a pullback, the $1.54 - $1.60 area could provide strong support and an opportunity to re-enter.
🔥 Is UMA ready to explode?! With strong market movements and rising technical momentum, UMA could be on the brink of a strong upward wave! Are you ready to ride the wave? 🌊
📢 Share your opinion! Do you expect $UMA to surpass the $2.00 level in the coming hours? 🚀👇
