Today (July 3) UMA's global market access price forecast: UMA fluctuates around $2.6

The Token Market Access (UMA) price prediction shows that the coin hit the $3.0 resistance level today, preparing for an upward move.

UMA forecast statistics:
UMA current price - $2.6
UMA Market Cap - $179.7 million
UMA Circulation - 67.1 million
UMA Total Supply - 107.7 Million
UMA Coinmarketcap Ranking – 135th

UMA/USD Market
Key Levels:
Resistance Levels: $5.0, $5.2, $5.4
Support Levels: $1.05, $1.03, $1.01

UMA/USD daily chart
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UMA/USD
The coin is in a sideways movement, ready to initiate an upward move. Currently, the token market access price is hovering between the 9-day and 21-day moving averages, and the trend is expected to retest the previous resistance level of $3.0.

Token Market Access Price Prediction: UMA May Rise
Currently, UMA price might break out of the upper boundary of the channel. However, the best course of action for bulls is to defend the $2.4 support level and strive to move up to $3.0. However, if the buying pressure increases, the price might break out of the channel and reach the $4.0 resistance level.

Meanwhile, if the coin rises further, the bullish continuation could take the price to the $5.0, $5.2, and $5.4 resistance levels. Conversely, if the coin slides towards the lower border of the channel, the minimum pullback could drop the price to $2.3. Surpassing this level could take the price to the $1.05, $1.03, and $1.01 support levels.

Comparing Bitcoin, the daily chart shows that bulls may continue to push the price upwards. The recent positive signs suggest that the trend may break through the upper boundary of the channel.

UMA/BTC daily chart
However, as the technical indicator Relative Strength Index (14) tends to cross above 70 levels, further gains are likely, and the bullish continuation may push the price to the resistance level of 2000 SAT and above. However, once the price breaks below the 9-day and 21-day moving averages, the market price is likely to start a downward trend that may cause the coin to fall to the support level of 1000 SAT and below.

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