In this UMA technical analysis, we will examine the current price action, trading volume, key levels and indicators for UMA-USDT. UMA is a decentralized financial platform that leverages blockchain technology to provide users with a wide range of financial services, including lending, borrowing, and trading. With its innovative smart contract architecture, UMA enables users to access these services in a secure, transparent, and user-friendly manner. By utilizing UMA’s decentralized ecosystem, users can enjoy greater autonomy and control over their financial assets, while also benefiting from the platform’s robust security features.
UMA Price Overview:
As of May 13, 2024, UMA is trading at approximately 3.99 USDT. Let’s dive into the detailed price action for UMA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 4.358 |
| High (H) | 4.475 |
| Low (L) | 3.986 |
| Close (C) | 3.99 |
| Volume (C) | 5,246,568.80 |
- Open (O): The opening price for today’s trading session was approximately 4.358 USDT.
- High (H): UMA reached a daily high of around 4.475 USDT.
- Low (L): The daily low for UMA-USDT was approximately 3.986 USDT.
- Close (C): At the time of analysis, UMA is trading near its daily close of 3.99 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -8.42% |
| 3D Change (%) | 10.74% |
| 7D Change (%) | 47.02% |
| 30D Change (%) | 62.59% |
| 90D Change (%) | -6.38% |
| YTD Change (%) | 79.16% |
Over the past three days, UMAUSDT has increased by approximately 10.74%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 47.02%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UMAUSDT maintaining an upward trend of approximately 62.59%, despite intermittent fluctuations. Examining the last 90 days, UMAUSDT has witnessed substantial fall of approximately -6.38%, reflecting strong long-term confidence. Year-to-date, UMAUSDT has steadily increased by around 79.16%, 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-USDT 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 1.45866.
- Momentum score is 0.38206.
UMA USDT Technical Analysis
UMA Trading Volume:
The trading volume for UMA (UMA) over the past 24 hours has been insignificant, with approximately 5,246,568.80 USDT 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-USDT is currently in the high zone, around 55.90656. This suggests that UMA is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
UMA (UMA-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.
Explore UMA’s (UMAUSDT) potential for growth at 3.99 USDT as technical analysis leans bullish, emphasizing strong support and promising indicators.
Don’t skip our thorough exploration of UMA BTC UMA Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.
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.