UMA Token Report – 28th July’23

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(UMA) is ranked #180 with a market capitalization of nearly $120 million. The current market price of the token is 1.64 USDT

The UMA/USDT price crossed the $1.8 level after nearly 2 months, gaining over 6% in the last 24 hours. On the 4-hourly time-frame, the trend is on the verge of breaking above the triangle pattern with a build up in trading volume. The next resistance is expected at 1.85 USDT and an immediate support is expected at 1.623 USDT.

MintingM Rating – 3.8/5