Universal Market Access (UMA) Manages to Post Gains off a Stable All-Time Low

The Universal Market Access token recorded only modest price growth today. The token’s value increased by just 1.71%, keeping its price only slightly above a key technical level. Let’s take a closer look at the market below.

UMA Statistics

Current Price: $0.833

Market Capitalization: $71.71M

Circulating Supply: 88.8M

Total Supply: 126.89M

CoinMarketCap Rank: 342

Key Levels

Resistance: $0.850, $0.950, $1.050

Support: $0.800, $0.700, $0.600

UMA Stays Weak

Universal Market Access has been posting only minor price increases. The latest price candle on the daily chart is green as of writing, but it still shows some bearish contractions. Even so, the token is managing to stay above the 9-day Exponential Moving Average (EMA).

Meanwhile, the Stochastic Relative Strength Index (SRSI) lines have climbed deep into the overbought region despite the modest upward movement. This strongly suggests that price action may encounter stiff resistance soon.

Universal Market Access Rejection Looks Evident

On the UMA 4-hour chart, the latest price candle shows a strong downward rejection, pushing the market back toward the 9-day EMA. As a result, the current price aligns closely with the 9-day EMA curve.

At the same time, the SRSI lines are generally pointing upward, although the lead line is showing a sideways bend. While traders can maintain a cautiously bullish outlook, exercising care as the price approaches the $0.950 resistance level is advisable.

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