Universal Market Access Price Prediction for Today, December 18 – UMA Technical Analysis

The Universal Market Access price prediction shows that UMA may begin to show a bullish movement if the market rises above the channel.

Universal Market Access (UMA) Statistics Data:

• Universal Market Access price now – $2.21
• Universal Market Access market cap – $150.5 million
• Universal Market Access circulating supply – 74.8 million
• Universal Market Access circulating supply – 116.3 million
• Universal Market Access Coinmarketcap ranking – #257

UMA/USD Market

Key Levels:

Resistance levels: $2.60, $2.80, $3.00

Support levels: $1.80, $1.60, $1.40

UMA/USD is displaying a positive trend, with market movements surpassing both the 9-day and 21-day moving averages. However, the price of Universal Market Access needs to overcome the resistance level of $2.49, situated above the upper boundary of the channel. Once this hurdle is cleared, traders can anticipate a continued upward trajectory in the price.

Universal Market Access Price Prediction: UMA Price Could Shoot to the North

Looking at the daily chart, it’s evident that the Universal Market Access price has reclaimed a position above the 9-day and 21-day moving averages. This is a crucial development, as continued bearish movement could potentially lead the coin toward the lower boundary of the channel, prompting support levels at $1.80, $1.60, and $1.40 to come into play. On a more optimistic note, a consistent upward movement surpassing the upper boundary of the channel could empower the bulls, paving the way for an advance toward the next resistance levels at $2.60, $2.80, and $3.00, respectively.

At the moment, the 9-day moving average may continue to move above the 21-day moving average so that the market may move to the upside. Looking at the daily chart, there may be a need for support to be formed around $2.00 and $1.90 to provide tight protection which could allow the buyers to concentrate on stirring action to the north.

UMA/BTC Spikes to the North

Against Bitcoin, the Universal Market Access price crosses above the 9-day and 21-day moving averages as the buyers push the price to the upside. Crossing above the upper boundary of the channel may hit the nearest resistance level of 6000 SAT while the 9-day MA crosses above the 21-day MA to confirm the bullish movement.

However, if the bulls reclaim above the channel, the UMA price could touch the potential resistance level at 6300 SAT and above. On the contrary, any bearish movement toward the lower boundary of the channel may bring the price to the support level of 4300 SAT and below.

Alternatives to Universal Market Access

As of the current writing, Universal Market Access (UMA) is exhibiting positive trading dynamics, showing a gain of 1.22%. An analysis of the daily chart suggests that the candle formations may start adhering to the upward trend, but a crossing below the 21-day moving average could signal a potential decline in market price. In terms of support level, the nearest one might be situated below the 21-day moving average at the $2.00 level. Conversely, a northward movement could lead to a substantial upside momentum.

Meanwhile, traders can invest in $BTCMTX, this is a token with almost $5.5 million in the ongoing presale, showcasing significant growth potential due to its smaller market cap. Meanwhile, in contrast, Universal Market Access (UMA) with a $150.5 million market cap may not offer the same significance because of its huge market cap. Don’t miss the unique advantages of $BTCMTX in the dynamic cryptocurrency market – secure your position for a promising future!