Expected to hit the bottom of the channel
UMA is in a bearish trend, characterized by ranges followed by brief upward shadows before continuing to drop. Currently moving within a descending channel, UMA is expected to hit the channel's bottom before potentially moving upwards towards the top.
6/10/20241 min read
The overall trend for UMA is bearish. It ranges for a while, then makes a shadow upward move before continuing to drop. UMA is in a descending channel and continues its downward trend within this channel. The expected scenario is that UMA will hit the bottom of the channel and then move upward towards the top of the channel.