Ultima (ULTIMAUSD) Rising Pattern May Continue

Ultima (ULTIMAUSD) Price Forecast: February 18

The ULTIMAUSD rising pattern may continue. The pair may grow further and plunge prices above the $22,555 price level as the bulls remain dominant. The token is trying hard not to fall by resisting sellers; if the bulls’ pressure breaks up the $22,880 prior barrier, the coin price may increase further to a $25,000 high trend line, leading to higher profits for the coin holders.

Key Levels:
Resistance Levels: $19,000 $20,000, $21,000
Support Levels: $10,000, $9,000, $8,000

ULTIMA (USD) Long-term Trend: Bullish (Daily Chart)

The price action of Ultima on the long-term outlook seems to be rising upwards and may continue without losing control despite the market uncertainties. The token price is above the supply trend levels, indicating an uptrend.
The previous action at the $21,978 high level in the last session has sustained the coin price to remain above the trend line in its recent high.

The ULTIMAUSD rising pattern may continue as the coin price surges to resistance at around the $22,555 level above the EMA-50 as the daily chart opens today, resulting in intraday gains. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.

Should the buying team add more pressure and trigger a breakout above the $22,880 high level, a breakout above this barrier, with a daily candle closing could signify a shift in the market dynamics. Such a breakthrough would enable buyers to regain control and drive the price toward the upper high channel.

Additionally, the daily signal indicates an upward direction. If the rising pattern continues, a breakout above this combined resistance with candle closing could plunge the price of Ultima to the $25,000 upper resistance level in the days ahead, resulting in a strong buy signal for interested traders.

ULTIMA (USD) Medium-term Trend: Bullish (4H Chart)

Despite the interference of short-term traders, the medium-term time frame market shows the rising pattern may continue.
The price of ULTIMAUSD is progressing upward above the moving averages, showing that buyers are currently gaining more strength in the market.

In the previous session, the coin price reached the $21,850 high mark, making it easier for the rising pattern to stay above the supply level in its recent high.

Today, the Ultima rising pattern may continue as the bulls drove the coin price to a high at $22,555 above the moving average as the 4-hourly session begins, indicating that buyers remain dominant and have the market price at their disposal.

Further, an increase in the buying pressure might lead the price of Ultima to touch the previous $22,397 high mark, obtaining a higher footing to rise higher.

However, the rising pattern of the ULTIMAUSD pair may continue if the buy traders should increase their price actions and all the current support level holds, a psychological key level at the $25,000 supply level might be reached soon in its medium-term time frame.

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