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UMA Token Report – 19th Jan’24

UMA Token

UMA represents a decentralized financial contracts platform designed to facilitate Universal Market Access. Its primary objective is to create infrastructure for “priceless” financial contracts within the realm of decentralized finance (DeFi)

UMA is ranked #161 with a market capitalization of nearly $298 million. The current market price of the token is 3.88 USDT

On the daily time-frame, the UMA/USDT trend had been on an uptrend since October, last year. The trend has currently broken out of a flat consolidation with significant volume support and price momentum. The next resistance is expected at 4.23 USDT and the next support is expected at 2.97 USDT.

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