1-Hour Timeframe
📊 UMA/USD 1H Analysis: Short-term Consolidation ⚡
Current UMA Price: ~$1.43. On the 1-hour chart, UMA is trading in the range of $1.42–$1.45. RSI (~45) is neutral, MACD shows a weak bullish signal. 24h trading volume: ~$10.2M.
🔑 Key Levels:
Resistance: $1.45 (50-hour SMA).
Support: $1.42 (recent low).
📈 Forecast: A breakout above $1.45 could raise the price to $1.47. A drop below $1.42 will lead to a test of $1.40. Collaboration with Polymarket keeps the market active! 🔗