Universal Market Access (UMA) Sees a Price Contraction of 2.66%

The available metrics for the Universal Market Access token reveal that it has experienced a price reduction of 2.66%. Nevertheless, the token maintains a favorable stance when considering its price chart. Let’s delve deeper for more insights.

UMA Statistics:
Current Universal Market Access Price: $2.295
UMA Market Cap: $192,043,551
UMA Circulating Supply: 82,312,105
Universal Market Access Total Supply: 120,714,863
UMA CoinMarketCap Rank: 200

Key Price Levels:
Resistance: $2.50, $3.00, $3.50
Support: $2.00, $1.00, $0.50

Upside Forces in the UMA Market Remain Active

Price action in the UMA market has remained above the middle band of the Bollinger Bands (BB) indicator. Additionally, the indicator itself now has a slight upward trajectory. The corresponding price candle in the ongoing session suggests that price volatility has increased.

The market has progressed upward, as indicated by the last price candle. Moreover, the Stochastic Relative Strength Index (Stochastic RSI) lines are deflecting towards a bullish crossover, hinting that price movement may be eyeing a breakthrough at the next technical price level.

UMA Market Price Contraction Shows

The Universal Market Access 4-hour market reveals the previously noted price contraction. This contraction is evident in the last price candle on the chart, which now has a long upper shadow due to the activity of downward forces. Nonetheless, upside forces are also making a strong effort, as the token’s price remains above the middle limit of the BB indicator.

Furthermore, the Stochastic RSI indicator lines continue on their upward path, despite a deflection in the leading line of the indicator. Although the market has upside potential, traders should exercise caution when using bullish crypto signals targeting price levels higher than the $2.500 mark.

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