After several attempts, the price of #UMA finally failed to break the resistance level of $3.800-$3.900 , and the bearish scenario continued.

The support level of $3.100-$3.200 - has been broken, and the price has formed a relatively downward channel in the short term. Now, the price is at the bottom of the channel. If the price decline continues and the current level is breached, the price will drop to $2.500.

In the higher time frame, all these fluctuations of the reforms are a big upward movement, and in the long term, it is still an upward trend.

#UMA is decreasing in a descending channel in the 4-hour time frame.

Maintaining the level of 2,330-2,410 dollars is very important for the price, but according to the pattern of two peaks formed in the chart, the price can decrease to the bottom of the channel according to the pattern. So, the first target is $2.100. Currently, this scenario is much more likely.

#UMA has broken both the dynamic resistance and the specific resistance level and has exited the descending channel.

After retesting the broken resistances, the price can grow up to the resistance level of $3.100-$3.200 and form an upward trend in the 4-hour time frame.
To ensure the beginning of an uptrend, the price must break the next identified resistance and stabilize above it.

After breaking the static and dynamic resistance, #UMA is now moving above the $2.410 level.
The recorded bullish candles are very strong, and the possibility of testing the $3.200-$3 100 level is very high.

If the price drops below the current level again, it may enter the downward channel again. In this case, the downward scenario will continue.

Binance Futures Special Call

#UMA/USDT ( Long )

Link : https://www.binance.com/en/futures/UMAUSDT

Leverage : 10X

Targets
1st : $2.50
2nd : $2.65
3rd : $3.05

Exchange #Binance

#UMA is currently trading at a strategic support level.

Current price levels is a prime entry point for long positions 🚀🚀 to capitalize on upcoming gains.

Trade long on #UMA and Ride the upcoming Bullish Wave!

#UMA reached $2.329

more than 24% profit done within 5 minutes ✅

Unmute 🔔 & 📌 our Channel on 🔝

#UMA achieved 1st target Target🎯
reached $2.537

more than 115% profit done till now within a week with 10X leverage ✅

Unmute🔔 & 📌 our Channel on Top