UMA increased 26.54% of a high confluence support area, calling the attention of merchants with an acute upward movement. However, after rejecting local resistance to $ 1.80, the approach now changes to whether bulls can defend support to the continuation, or risk a complete setback within a broader range.
After a strong and impulsive rally, Uma (ONE) has caught the attention of merchants with a movement of 26.54% of the support. This rally originated in a technically significant area and marked an upward change in the short -term impulse.
However, Price has now found resistance at $ 1.80, and a rejection has already been formed, leaving a wick that may indicate early exhaustion. The question now is: can Uma maintain this bullish structure, or is it just a temporary rebound in a broader market in the range?
Key technical points
- Rejection of $ 1.80: Price met with resistance and sold, forming a rejection wick.
- Key support zone at $ 1.60– $ 1.40: This area includes an inverted order block and the high local value area.
- The bullish continuation depends on maintaining support: If the area is maintained, a movement towards $ 2.55 becomes more likely.
The recent rally originated in a well -defined demand zone, backed by a strong confluence: prior structure support, high volume interest and a shown order block. This movement marked a short -term upward change, but the price stagnated at $ 1.80, a historically significant level of resistance.
A rejection wick was formed at this level, which suggests that the profits and the first signs of bassist absorption. Since then, UMA has returned to the region of $ 1.60– $ 1.40, which now becomes a critical area for the following directional movement.
This region is not only psychological support, but also houses a block of orders that has turned to the supply to demand. In addition, the high value area is also located here, giving additional weight to this area. If the price remains above this area and begins to form higher minimums, bulls could look in the $ 2.55 target as the next significant resistance.
However, the failure to maintain this support would invalidate the upward thesis. A breakdown below $ 1.40 would probably lead to a complete rotation to the origin of the pump, indicating that Uma is still quoted within a broader range defined by daily and monthly levels. In this case, the recent rally would be classified more as a deviation within a lateral structure instead of a break.
What to expect in the next price action
All eyes are now on the $ 1.60– $ 1.40 support. If Uma can maintain this area, we could see the continuation of $ 2.55. If it breaks, wait for a setback to try the minimums of the range and re -enter the accumulation.