Universal Market Access Price Prediction for Today, May 8 – UMA Technical Analysis

adminMay 9, 2024

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The Universal Market Access price prediction starts moving upwards as the price of the coin surges and reaches a daily high of $3.20.

Universal market access forecast statistical data:

Current Universal Market Access price – $3.18
Universal Market Access market cap – $269.6 million
Universal Market Access Circulating Supply – 79 million
Universal Market Access total supply – 118.9 million
Universal Market Access CoinMarketCap Ranking – 251st

UMA/USD Market

Main level:

Resistance levels: $4.00, $4.20, $4.40

.60Support levels: $1.80, $1.60, $1.40

Universal Market Access Price Prediction for Today, May 8 – UMA Technical Analysis — UMAUSD – daily chart

UMA/USD appears to be breaking above its 9-day and 21-day moving averages and reaching a daily high of $3.20. However, over the past few days, the coin has been targeting a break above the 9-day moving average and the 21-day moving average, and if the bulls increase buying pressure, the market could see further strength.

Universal Market Access Price Prediction: UMA/USD Could Be Heading to the Bulls

Universal Market Access price may remain above the 9-day and 21-day moving averages to reach the $3.50 resistance level. So, if the bulls defend the $3.20 level, the coin may continue its rise beyond the upper boundary of the channel. However, further bullish moves could reach potential resistance levels of $4.00, $4.20, and $4.40.

On the other hand, this prediction may not turn out to be correct if the bears return to the market and break towards the lower border of the channel and Universal Market Access touches the lows of the $1.80, $1.60 and $1.40 support levels. Moreover, the 9-day moving average may exceed the 21-day moving average. This suggests that a more bullish move is likely.

UMA/BTC has surpassed the moving average

Compared to Bitcoin, Universal Market Access price is rising higher as it is likely to break above the upper boundary of the channel with the major resistance level at 8500 SAT. As the market crosses the upper channel and begins a new trend, the longer-term moving average is likely to maintain a bullish move.

From the above, if buyers can keep the price above the moving average, we could find higher resistance above 9000 SAT. Moreover, if the bulls fail to move above the level, the coin may head towards the lower border of the channel and hit support levels below 1300 SAT.

Meanwhile, @nihilus_XBT, who has 48,000 followers on X (formerly Twitter), recently highlighted $UMA’s continued bullish stance to his audience. His endorsement highlights UMA’s potential for continued growth and stability in the dynamic cryptocurrency market, providing valuable insight for investors seeking promising opportunities.

$A I longed for it.#one #one pic.twitter.com/gLgc42e9Rx
— Nihilus (@nihilus_XBT) May 4, 2024

Alternatives to universal market access

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