In this UMA technical analysis, we will examine the current price action, trading volume, key levels and indicators for UMA-BTC. Sure, here are three sentences about UMA (UMA) cryptocurrency: UMA is a decentralized financial platform that leverages smart contracts to provide a wide range of financial services, including lending, borrowing, and trading. With UMA, users can access a variety of financial instruments in a secure and transparent manner, without the need for intermediaries. By utilizing blockchain technology, UMA aims to democratize access to financial services and provide a more equitable and efficient financial system for all.
UMA Price Overview:
As of October 03, 2023, UMA is trading at approximately 5e-05 BTC. Let’s dive into the detailed price action for UMA-BTC:
| Metric | Value |
|---|---|
| Open (O) | 5e-05 |
| High (H) | 5e-05 |
| Low (L) | 5e-05 |
| Close (C) | 5e-05 |
| Volume (C) | 13,177.50 |
- Open (O): The opening price for today’s trading session was approximately 5e-05 BTC.
- High (H): UMA reached a daily high of around 5e-05 BTC.
- Low (L): The daily low for UMA-BTC was approximately 5e-05 BTC.
- Close (C): At the time of analysis, UMA is trading near its daily close of 5e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.78% |
| 3D Change (%) | -4.41% |
| 7D Change (%) | -4.23% |
| 30D Change (%) | -4.60% |
| 90D Change (%) | -4.96% |
| YTD Change (%) | -45.21% |
Over the past three days, UMABTC has dropped by approximately -4.41%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -4.23%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UMABTC maintaining a downward trend of approximately -4.60%, despite intermittent fluctuations. Examining the last 90 days, UMABTC has witnessed substantial fall of approximately -4.96%, reflecting strong long-term confidence. Year-to-date, UMABTC has steadily depreciated by around -45.21%, 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 0.34856.
- Momentum score is -0.04598.
UMA BTC Technical Analysis
UMA Trading Volume:
The trading volume for UMA (UMA) over the past 24 hours has been insignificant, with approximately 13,177.50 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 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 43.3681. 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.
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.
