Universal Market Access (UMA) Sees a Bright Spark

A notable price increase has been observed in the Universal Market Access (UMA) token. At the time of writing, the price of the token has risen by 5.20%. Additionally, price action still maintains a favorable stance and may secure more gains shortly.

UMA Statistics

Current Price: $1.426

Market Capitalization: $140.13M

Circulating Supply: 87.48M

Total Supply: 124.86M

CoinMarketCap Rank: 282

Key Price Levels

Resistance: $1.500, $2.000, $2.500

Support: $1.000, $0.700, $0.400

UMA Maintains an Upward Course

As noted earlier, the Universal Market Access token has experienced a price increase. As of the time of writing, the ongoing session reflects a 5.20% price gain.

Technically, this has pushed price action toward the resistance at the $1.500 level. Furthermore, the latest price candle on this token’s chart appears bullish and stands above the 9-day Exponential Moving Average (EMA) curve. This suggests that upward momentum may continue driving the market higher.

The Moving Average Convergence Divergence (MACD) lines have also crossed above the equilibrium level, further confirming that bullish forces are likely to persist.

Universal Market Access Eyes the $1.600 Price Mark

Price activity on the UMA 4-hour chart portrays a market with bullish intent. Here, price action appears to be targeting a higher level around the $1.600 mark. The most recent price candle on this chart stands above the 9-day EMA curve and retains some bullish gains, despite having contracted significantly.

Similarly, the MACD indicator lines are trending upward above the equilibrium level. This technical setup supports the possibility that bullish forces could continue to propel the market through the $1.500 resistance and toward the $1.700 price level.

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