UMA/USDT Based on Weekly Chart

UUMA/USDT Based on Weekly Chart

UMA The chart showcases a Double Bottom formation near the Fibonacci support levels, which is a strong reversal signal.

The trendline support combined with Fibonacci retracement at the 0.618 level indicates solid buying interest and a potential bullish continuation.

The critical support lies at $2.50 - $3.00, which aligns with the trendline and Fibonacci 0.618 retracement level.
Resistance Levels (Targets):

T1: $4.810
T2: $6.529
T3: $7.915