In this UMA technical analysis, we will examine the current price action, trading volume, key levels and indicators for UMA-BTC. UMA is a decentralized financial platform built on Ethereum that enables users to access a wide range of financial services, such as lending, borrowing, and trading, all within one ecosystem. With its unique liquidity pool mechanism, UMA provides users with a more efficient and secure way to participate in the decentralized finance (DeFi) market. Additionally, UMA’s novel risk management system ensures that users can transact with confidence, knowing that their assets are protected from potential losses.
UMA Price Overview:
As of May 12, 2024, UMA is trading at approximately 8e-05 BTC. Let’s dive into the detailed price action for UMA-BTC:
| Metric | Value |
|---|---|
| Open (O) | 6e-05 |
| High (H) | 8e-05 |
| Low (L) | 6e-05 |
| Close (C) | 8e-05 |
| Volume (C) | 67,733.50 |
- Open (O): The opening price for today’s trading session was approximately 6e-05 BTC.
- High (H): UMA reached a daily high of around 8e-05 BTC.
- Low (L): The daily low for UMA-BTC was approximately 6e-05 BTC.
- Close (C): At the time of analysis, UMA is trading near its daily close of 8e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 19.09% |
| 3D Change (%) | 21.93% |
| 7D Change (%) | 75.12% |
| 30D Change (%) | 75.44% |
| 90D Change (%) | -14.53% |
| YTD Change (%) | 43.87% |
Over the past three days, UMABTC has increased by approximately 21.93%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 75.12%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UMABTC maintaining an upward trend of approximately 75.44%, despite intermittent fluctuations. Examining the last 90 days, UMABTC has witnessed substantial fall of approximately -14.53%, reflecting strong long-term confidence. Year-to-date, UMABTC has steadily increased by around 43.87%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
UMA Live Chart:
You can access a live price chart for UMA-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 1.43971.
- Momentum score is 0.74269.
UMA BTC Technical Analysis
UMA Trading Volume:
The trading volume for UMA (UMA) over the past 24 hours has been insignificant, with approximately 67,733.50 BTC traded against UMA. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): UMA is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): UMA is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for UMA-BTC is currently in the high zone, around 65.11378. This suggests that UMA is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
UMA (UMA-BTC) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.
Understand UMA’s (UMABTC) growth potential at 7.57e-05 BTC with detailed bullish technical analysis, highlighting strong support and promising indicators.
Dive into the details with our in-depth analysis on UMA USDT UMA Technical Analysis; you won’t want to miss it if you found this post interesting.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.