UMAUSD Price Movement Push Forward After the Market Hit the $1.930 Critical Zone
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UMAUSD Analysis – The Price Movement Pushes Forward After It Hits the $1.930 Critical Zone
UMAUSD price movement pushes forward after it hits the $1.930 critical. This is in response to the selling competition at the $1.900 key level. As buy traders began to value the token, the price experienced a bearish encirclement from the market. According to the findings of the technical analysis conducted on the cryptocurrency market, the price of UMAUSD is swiftly moving forward, up to the key zone of $4.290.
UMAUSD Significant Levels
Resistance levels: $11.300, $6.700
Support Levels: $4.290, $1.930
After the price rallied from $4.290 around the beginning of March 2022, bullish hangouts ultimately resulted in failure. As the bullish tendency dominates the UMAUSD token, the buyers will buy out several price clauses. The price increase caused it to move into the critical zone of $11.300. However, before the emergence of the buying tendency at this level, there have been several rejections of price as UMAUSD rallied up to the critical level of $11.300.
The selling outcome came through due to price rejection at the $11.300 order block. The price structure began to pull and decline from this key zone. The bears mobilised following bearish pressure as the price broke through $6.700 and retested it. A further breakthrough was noticeable at the $4.290 critical zone. The bear touchdown eventually got to the $1.930 key zone price. The buyers are now alert and are swiftly taking the price tendency upward back to the $4.290 key zone.
Market Expectations
The 4-hour chart of price is significantly trending up to the $4.290 key zone. The bulls are aiming for price movement up to this level. The MACD (Moving Average Convergence & Divergence Indicator) shows price is already rising towards a bullish region as UMAUSD is projected to reach the $4.290 critical zone.
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