The altcoin $UMA experienced a spike in significant volatility as it broke out of accumulation. Our CryptoTrend Screener shows that UMA surged +26% in the last 24 hours and +10% in Open Interest over 1 hour, and it is one of the few altcoins that is above the Bollinger Band on the daily chart. From a 3D perspective, it is possible to observe how it stood out compared to other cryptocurrencies. It is worth noting that the recent pump was mainly driven by leveraged positions on Binance Futures. Therefore, it is not a guarantee that the uptrend will continue as positions can be closed at any time.
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