Based on today's classical pivot point (P1) with the value of $0.3400, UMA has support levels of $0.3367, $0.3317, and the strongest at $0.3284. Similarly, UMA resistance levels are at $0.3450, $0.3483, and $0.3533.
| # | Price | Strength |
|---|---|---|
| S1 | $0.3367 | |
| S2 | $0.3317 | |
| S3 | $0.3284 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.3450 | |
| R2 | $0.3483 | |
| R3 | $0.3533 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 42.70 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 21.21 | NEUTRAL |
| Commodity Channel Index (20) | -50.64 | NEUTRAL |
| Average Directional Index (14) | 12.82 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.02 | NEUTRAL |
| Momentum (10) | 0.01 | BUY |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -78.79 | NEUTRAL |
| Bull Bear Power (13) | -0.01 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 34.52 | NEUTRAL |
| VWMA (10) | 0.34 | BUY |
| Hull Moving Average (9) | 0.34 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.37 | NEUTRAL |
Over the past 7 days, UMA price was most positively correlated with the price of Tezos (XTZ), Sei (SEI), VeChain (VET), Immutable X (IMX) and Internet Computer (ICP) and most negatively correlated with the price of JUST (JST), Uniswap (UNI), LEO Token (LEO), SPX6900 (SPX) and Cronos (CRO).
| Name | Correlation |
|---|---|
| Tezos | 0.596 |
| Sei | 0.584 |
| VeChain | 0.484 |
| Immutable X | 0.482 |
| Internet Computer | 0.481 |
| Name | Correlation |
|---|---|
| JUST | -0.472 |
| Uniswap | -0.228 |
| LEO Token | -0.217 |
| SPX6900 | -0.185 |
| Cronos | -0.149 |
UMA price is positively correlated with the top 10 coins by market cap with a price of 0.154, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.136.
Currencies that are positively correlated with UMA indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with UMA, a move in one direction for UMA would translate into a move in the opposite direction for the negatively correlated coin.
