UMA Price May Drop Below $2.5 Level

The Universal Market Access price prediction shows that UMA dips below $2.8 today as the coin may enter deeply into the negative side.

UMA Prediction Statistics Data:

• UMA price now – $2.76
• UMA market cap – $180 million
• UMA circulating supply – 66.9 million
• UMA total supply – 107.6 million
• UMA Coinmarketcap ranking – #118

UMA/USD Market

Key Levels:

Resistance levels: $4.5, $4.7, $4.9

Support levels: $1.3, $1.1, 0.9

UMA/ USD is currently in a downtrend as bears dominate the entire cryptocurrency landscape. At the time of writing, UMA/USD is hovering within the 9-day and 21-day moving averages as the trend has a bearish inclination, which may likely touch the support at $2.5.

Universal Market Access Price Prediction: Will UMA see a Further Downside?

As the daily chart reveals, the best bulls can do is to defend the support at $3.0 and focus on pulling towards $4.0. A few days ago, the Universal Market Access price is seen following a downward movement as the sharp drops affected the buyers from an attempted recovery above $650. However, if buying pressure increases, the price may break above the 21-day moving average, and could reach the resistance at $4.0.

Meanwhile, if the coin crosses above the upper boundary of the channel, a bullish continuation could reach the resistance levels of $4.5, $4.7, and $4.9 respectively. In other words, if the coin moves toward the negative side, a minimum swing could bring the price to a $2.0 level. Exceeding this level could take the bears to $1.30, $1.10, and $0.09 support levels.

Against Bitcoin, the daily chart reveals that bears may continue to push the price towards the south. The most recent negative sign suggests that the trend could continue to follow the downtrend as buyers were unable to keep the price above the upper boundary of the channel.

However, as the technical indicator Relative Strength Index (14) slides below the 70-level, it may likely head to the downside, and a bearish continuation could lower the price to the support levels of 900 SAT and below, but once it moves above the channel, the market price may likely begin an upward trend to push the coin towards the resistance level of 1800 SAT and above.

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