Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
The Universal Market Access token has remained under bullish influences. As a result, the token has seen an additional price increase of 7.44% today, making it the second most gainful coin at the time of writing. Will this momentum continue? Let’s find out below:
UMA Statistics:
Universal Market Access Price: $2.99
UMA Market Capitalization: $249M
Universal Market Access Circulating Supply: 83.90M
UMA Total Supply: 121.77M
UMA CoinMarketCap Rank: 191
Key Price Levels:
Resistance: $3.50, $4.50, $5.50
Support: $2.50, $2.00, $1.50
Universal Market Access Price Seems Set to Push Limits
The UMA token saw a considerable price surge in the previous session. This move is the most significant bullish movement in a single session over the past few months. While such a move would have drawn bearish attention, the ongoing session stays on the same path, with the corresponding price candle standing close to the uppermost limit of the Bollinger Bands.
Similarly, the Stochastic Relative Strength Index (Stochastic RSI) lines are also still rising from the oversold zone of the indicator. As a result, indications suggest that the market is primed for more upside retracement.
UMA Faces Rejection at the $3.07 Threshold
Price activity in the Universal Market Access token’s 4-hour market suggests that the market may have encountered strong rejection. Price action has risen through the uppermost limit of the Bollinger Bands indicator. Additionally, recent price candles on the chart show a contraction downward after testing around the $3.07 mark.
Meanwhile, the Stochastic RSI lines have risen into the overbought region, with the leading lines of the indicator now dragging sideways at the 100 mark. Therefore, traders hoping to enter a bullish trade in this market should ensure they use crypto signals that accommodate a bit of downward retracement. This is because the market may retrace downward towards $2.950 before resuming its move toward the $3.50 mark.
Start using a world-class auto trading solution.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.