Universal Market Access Price Prediction for Today, January 21 – UMA Technical Analysis

Updated: 21 January 2024

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The Universal Market Access price prediction is showing a positive shift, with the coin surging to reach another resistance level of $7.0.

Universal Market Access Prediction Statistics Data:

Universal Market Access price now – $5.85
Universal Market Access market cap – $448.8 million
Universal Market Access circulating supply – 76.3 million
Universal Market Access total supply – 117.7 million
Universal Market Access Coinmarketcap ranking – #120

UMA/USD Market

Key Levels:

Resistance levels: $8.0, $8.5, $9.0

Support levels: $3.0, $2.5, $2.0

Universal Market Access Price Prediction for Today, January 21 – UMA Technical Analysis — UMAUSD – Daily Chart

UMA/USD appears poised to breach the upper boundary of the channel, marking a potential uptrend as the coin approaches the daily peak of $6.58. Over the last few days, the coin has consistently traded above the 9-day and 21-day moving averages. Meanwhile, should the bullish momentum intensify, the market could witness further upward movements.

Universal Market Access Price Prediction: Would UMA Break Additional Upsides?

The Universal Market Access price is anticipated to sustain its position above the 9-day and 21-day moving averages, aiming to establish a new resistance level at $7.0. Consequently, should the bulls successfully defend the $5.85 level, the coin has the potential to extend its upward trajectory by breaching the upper boundary of the channel. However, it’s worth noting that a continuation of bullish momentum might encounter resistance at key levels, including $8.0, $8.5, and $9.0 respectively.

However, this analysis might prove inaccurate should bearish forces re-enter the market, causing a descent toward the lower boundary of the channel. In such a scenario, Universal Market Access (UMA) could potentially reach the support levels of $3.0, $2.5, and $2.0. Furthermore, the indication of a bullish trend intensifies as the 9-day moving average surpasses the 21-day moving average, hinting at the likelihood of further upward movements.

UMA/BTC Begins the Bullish Movement

Against Bitcoin, the Universal Market Access price is seen moving up higher as it is likely to cross and stay above the upper boundary of the channel with a major resistance level at 1600 SAT. However, the long-term moving averages may likely keep the bullish movement as the market is starting a new trend by crossing above the upper boundary channel.

From above, if the buyers could keep the price above the channel, higher resistance could be located at 1800 SAT and above. Moreover, should the bulls fail to move above this barrier, the coin may head toward the lower boundary of the channel, which could hit the support level of 820 SAT and below while the 9-day moving average remains above the 21-day moving average, showing that more bullish signals are coming to play out.

Universal Market Access Alternatives

According to the daily chart, if buying pressure increases, the Universal Market Access price is expected to surpass the upper boundary of the channel. Currently trading at $5.85, the bullish momentum suggests a continuation of upward movement. Traders can anticipate the coin crossing above the upper boundary of the channel, targeting the nearest resistance level at $7.0. Meanwhile, traders are to keep an eye out for potential upward developments in the UMA market.

On that note, Universal Market Access (UMA) holds the 120th position on CoinMarketCap, but attention is shifting to Bitcoin Minetrix (BTCMTX), an emerging cryptocurrency with significant potential. Investors are encouraged to seize the opportunity by acquiring and staking BTCMTX tokens, which provide access to valuable cloud mining credits. The emphasis on security and transparency is highlighted, and the ongoing presale has already surpassed $9.0 million. The investors are urged to join the revolution and secure their stake in the future of cryptocurrency.

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