UMA/USD Price Breaks above $2.20 Level

The Universal Market Access price prediction shows that UMA could be ready for the uptrend as the trades near the $2.50 resistance today.

Universal Market Access Prediction Statistics Data:

• Universal Market Access price now – $1.85
• Universal Market Access market cap – $129 million
• Universal Market Access circulating supply – 68.9 million
• Universal Market Access total supply – 108.8 billion
• Universal Market Access Coinmarketcap ranking – #160

UMA/USD Market

Key Levels:

Resistance levels: $2.50, $2.52, $2.54

Support levels: $1.50, $1.48, $1.46

UMA/USD is likely to cross above the resistance level of $2.50 to increase the bullish movement. Meanwhile, the cryptocurrency might kick-start another bullish run back above the $2.21 level if the market price crosses and stays above the upper boundary of the channel. Consequently, any additional positive break to the upside is needed for the coin to press higher. Nevertheless, UMA/USD has to break beyond $2.30 before hitting the $2.40 resistance level.

Universal Market Access Price Prediction: Universal Market Access (UMA) May Gain More Upsides

Looking at the daily chart, the Universal Market Access price is currently above the 9-day and 21-day moving averages. If the buyers continue to grind higher, the first resistance level may be located at $2.30 as this could also be followed by $2.40. However, additional resistance levels may also be found at $2.50, $2.52, and $2.54 respectively. On the other side, if the Universal Market Access price heads toward the lower boundary of the channel, it could hit the first support level at $1.70.

However, sliding towards the lower boundary of the channel may lead the coin to the critical support levels at $1.50, $1.48, and $1.46. The technical indicator Relative Strength Index (14) is moving to cross above the 60-level, which indicates that buyers may begin to gain control of the market, and this, could also mean that UMA/USD could touch the resistance level of $2.25 soon.

When compares with Bitcoin, the daily chart shows that the Universal Market Access price is attempting to cross above the upper boundary of the channel. As soon as the price stables above this barrier, there is a possibility that additional gains could be obtained. Therefore, the next resistance level is close to the 1200 SAT level. If the price keeps rising, it could even break the 1400 SAT and above.

However, if the bears regroup and cross below the moving averages, 1000 SAT support may play out before rolling to the critical support at 900 SAT and below. Meanwhile, the Relative Strength Index (14) is moving toward the overbought region, suggesting a bullish movement.

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