UMA (UMA): AI coin is underpriced by the market – Time to buy?The start of 2023, the broader crypto market is bullish and its positive sentiment at the current bullish momentum could see UMA prices bounce higher.
Can the UMA token price regain momentum and test new highs this year? Let's perform an analysis of the price of the UMA coin, but first like, share and comment.
The UMA/USDT price is trading on the 4H chart inside a bullish channel (green lines) and close to the resistance just above it at § 2,173 (purple line), which once broken, projects a rise in the UMA prices up to the next resistance at the $3,045 range (purple line), with some correction in UMA prices on the way to gain momentum before breaking through the resistances above. On the other hand, if UMA prices miss the lower line of the bullish channel (green lines) it should test the support at $1,648 (purple line).
The technical indicator of blue line and yellow line moving averages are supporting the UMA price action in favor of the direction of the uptrend in the very short term. Please read the warning below before making any decision.
ALERT: As this analysis is public and market knowledge, it is easy for the market and the big manipulators to play against this analysis, if it is not convenient for the market, so that it can be misconfigured and invalidated, therefore the analysis price is always constantly updated, and can change in a matter of minutes, depending on which way the market manipulates the price.
