📈LONG: $UMA (5D)
Current Price $3.05
Market Cap $255.98M
Change 1h +0.04% | 24h +12.30%
Analysis:
UMA's chart shows a strong 300% bull flag pattern on the 5-day chart. With an 80% correction over summer and signs of retail trader capitulation, it's looking like an excellent entry point. Watch for price and RSI to break resistance, using past resistance as potential support.
Price Targets:
If resistance breaks successfully, look for a target around $8.05. Keep an eye on support levels around previous resistance; failure to hold could mean revisiting the $4.09 mark. Happy trading!
