UMA/USD Could Spike Above $1.70

The Universal Market Access price prediction begins to move to the upside as the coin spikes to touch the daily high at $1.66.

Universal Market Access Prediction Statistics Data:

Universal Market Access price now – $1.62
Universal Market Access market cap – $118.9 million
Universal Market Access circulating supply – 73 million
Universal Market Access total supply – 114.7 million
Universal Market Access Coinmarketcap ranking – #177

UMA/USD Market

Key Levels:

Resistance levels: $2.00, $2.10, $2.20

Support levels: $1.15, $1.05, $0.95

UMA/USD is moving to cross above the upper boundary of the channel as the coin touches the daily high of $1.66. 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 Retain the Upside

The Universal Market Access price may stay above the 9-day and 21-day moving averages for it to reclaim the resistance level of $1.66. Therefore, if the bulls defend the $1.70 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 $2.00, $2.10, and $2.20.

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 $1.15, $1.05, and $0.95 support levels. Moreover, the technical indicator Relative Strength Index (14) crosses above the 50-level; suggesting that more bullish movements are likely to play out.

Against Bitcoin, the UMA price is trying to move up higher as it is likely to cross above the upper boundary of the channel with a major resistance level at 600 SAT. 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 moving averages, higher resistance could be located at 750 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 350 SAT and below while the technical indicator Relative Strength Index (14) is moving to cross above the 60-level, indicating bullish movement.

Alternatives to Universal Market Access

The Universal Market Access price is creating a new bullish movement as the coin crosses above the 9-day and 21-day moving averages to touch the daily high at $1.66. However, this could also make a bullish cross above the upper boundary of the channel if buyers increase the buying pressure.

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