4-hour timeframe
🔍 UMA/USD 4H Analysis: Bullish momentum? 🚀
UMA at ~$1.43 (+0.50% in 24h) is forming an ascending channel. RSI (~50) is neutral, Bollinger Bands are narrowing, hinting at a breakout. Trading volume: ~$10.2M (-19%).
🔑 Key levels:
Resistance: $1.47 (upper boundary).
Support: $1.40 (lower boundary).
📈 Forecast: A breakout above $1.47 could lead to a rise to $1.60 (+12%). A drop below $1.40 will test $1.35. Oval on Morpho and EigenLayer are bullish drivers! 🌐