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

On May 8, 2024

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The Universal Market Access price prediction begins to move to the upside as the coin spikes to touch the daily high at $3.20.

Universal Market Access Prediction Statistics Data:

Universal Market Access price now – $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 – #251

UMA/USD Market

Key Levels:

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 is seen crossing above the 9-day and 21-day moving averages touching the daily high of $3.20. However, for the past couple of days, the coin has been aiming to cross above the 9-day and 21-day moving averages and the market may experience more bullish movements if the bulls increase the buying pressure.

Universal Market Access Price Prediction: UMA/USD May Head toward the Upside

The Universal Market Access price may stay above the 9-day and 21-day moving averages for it to hit the resistance level of $3.50. Therefore, if the bulls defend the $3.20 level, the coin may continue its upward movement by crossing above the upper boundary of the channel. However, any further bullish movement may hit the potential resistance levels of $4.00, $4.20, and $4.40.

Meanwhile, this prediction may not be right if the bears return to the market and break toward the lower boundary of the channel, and the Universal Market Access could touch the low of $1.80, $1.60, and $1.40 support levels. Moreover, the 9-day MA may cross above the 21-day MA; suggesting that more bullish movements will likely play out.

UMA/BTC Breaks Above the Moving Averages

Against Bitcoin, the Universal Market Access price is moving up higher as it is likely to cross above the upper boundary of the channel with a major resistance level at 8500 SAT. The long-term moving averages may likely keep the bullish movement as the market starts a new trend by crossing above the upper boundary channel.

From above, if the buyers could keep the price above moving averages, higher resistance could be located at 9000 SAT and above. Moreover, should the bulls fail to move above the levels then, the coin may head toward the lower boundary of the channel to hit the support level of 1300 SAT and below.

Meanwhile, @nihilus_XBT, with a following of 48,000 on X (formerly Twitter), recently highlighted $UMA’s enduring bullish stance to his audience. His endorsement emphasizes UMA’s potential for sustained growth and stability in the dynamic cryptocurrency market, providing valuable insight for investors seeking promising opportunities.

$UMA longed.#uma #UMA pic.twitter.com/gLgc42e9Rx
— Nihilus (@nihilus_XBT) May 4, 2024

Alternatives to Universal Market Access

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