UMA BTC UMA Technical Analysis

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By Frans van Elst

UMA logo 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 April 20, 2024, UMA is trading at approximately 4e-05 BTC. Let’s dive into the detailed price action for UMA-BTC:

Envision bearish outlook for UMA (UMABTC) at 4.25e-05 BTC with weakened support and cautionary indicators, revealed in technical analysis.

Metric Value
Open (O) 4e-05
High (H) 4e-05
Low (L) 4e-05
Close (C) 4e-05
Volume (C) 3,137.10
  • Open (O): The opening price for today’s trading session was approximately 4e-05 BTC.
  • High (H): UMA reached a daily high of around 4e-05 BTC.
  • Low (L): The daily low for UMA-BTC was approximately 4e-05 BTC.
  • Close (C): At the time of analysis, UMA is trading near its daily close of 4e-05 BTC.
Metric Value
1D Change (%) 2.04%
3D Change (%) 1.34%
7D Change (%) 10.63%
30D Change (%) -27.90%
90D Change (%) -69.04%
YTD Change (%) -19.32%

Over the past three days, UMABTC has increased by approximately 1.34%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 10.63%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UMABTC maintaining a downward trend of approximately -27.90%, despite intermittent fluctuations. Examining the last 90 days, UMABTC has witnessed substantial drop of approximately -69.04%, reflecting strong long-term confidence. Year-to-date, UMABTC has steadily decreased by around -19.32%, 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 0.73796.
  • Momentum score is -0.29515.

UMA BTC Technical Analysis

UMA Trading Volume:

The trading volume for UMA (UMA) over the past 24 hours has been insignificant, with approximately 3,137.10 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 below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): UMA is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for UMA-BTC is currently in the low zone, around 36.12932. This suggests that UMA is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

UMA (UMA-BTC) is currently exhibiting signs of short-term bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.

Envision bearish outlook for UMA (UMABTC) at 4.25e-05 BTC with weakened support and cautionary indicators, revealed in technical analysis.

Take your understanding to the next level with our extensive analysis of UMA USDT UMA Technical Analysis; if you enjoyed this post, you’re in for a treat!

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.

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