📊 $UMA /USDT 5-Min Chart Analysis

✅ UMA has shown a strong bullish recovery from the recent low of $1.592 to a current level of $1.660, marking an impressive +18.91% intraday move.

✅ The 7 MA (1.653) and 25 MA (1.657) are converging just below the price, suggesting short-term bullish pressure.

✅ Price action has successfully crossed the 99 MA (1.647), signaling a potential momentum shift in favor of buyers.

📈 The recent high of $1.728 serves as a key resistance level to watch. A breakout above this could trigger further upside.

🟩 Volume has notably increased during the recent bullish candles, supporting the strength of the upward movement.

🚨 However, traders should watch for possible short-term pullbacks near resistance and always apply strict risk management.

📌 Support levels: $1.647 (MA99) and $1.620

🎯 Resistance levels: $1.685 – $1.728

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