📈 UMA/USDT Price Surge: Resistance Zone & Next Move Update! 🚀
Based on the UMA/USDT 15-minute chart, here’s the analysis:
Current Price:
1.712 USDT 📊
Resistance Zone:
The immediate resistance is around 1.878–1.991 USDT, where the price previously faced selling pressure. The upper Bollinger Band at 1.491 suggests potential resistance if the bullish move continues. 💪
Support Levels:
Immediate support is near 1.220 USDT (middle Bollinger Band), with further support at 1.017 USDT if the price reverses. ⚠️
Next Move:
🌟 The chart shows a strong bullish move today, with a sharp rise from 1.017 USDT to 1.712 USDT (+30.49%), supported by high volume (18.2M). If this momentum holds, UMA could test the resistance at 1.878–1.991. A break above 1.991 could signal a big bullish continuation. However, if it fails to break 1.878, a pullback to 1.220 is possible. The RSI at 85.317 indicates overbought conditions, so watch for a potential correction. 📉