UMA Technical Analysis 2021 for Crypto Traders

UMA Technical Analysis 2021 for Crypto Traders

In UMA Token (UMA) Technical Analysis 2021, we use past statistics, price analysis, RSI, RVOL, and much other information about UMA to analyze the future movement of the cryptocurrency. 

UMA is a protocol for the creation of synthetic belongings based on the Ethereum (ETH) blockchain. The synthetic asset is a class of assets that represent various underlying assets and have the same value. UMA runs on top of Ethereum’s blockchain and as a consequence, they are protected by the same proof-of-work hash function Ethash

UMA Token (UMA) Current Market Status

According to CoinMarketCap, the UMA price is trading at $8.61 with a 24-hour trading volume of $28,511,481, at the time of writing. However, UMA has increased by 2.87% in the last 24 hours. 

In addition, UMA has a circulating supply of 62,019,747.43 UMA. Currently, UMA trades in  Binance, OKEx, Huobi Global,, and Hotcoin Global. 

UMA Token (UMA) Technical Analysis 2021 

UMA Token (UMA) holds the 105th position on CoinMarketCap right now. The recent development and upgrades might push UMA to reach new heights. Now, let’s deep dive into the UMA technical analysis 2021. The daily time frame chart representing UMA Token (UMA) is shown below.

UMA/USDT Wyckoff Phase Theory (Source: Tradingview)

The above chart shows the  Wyckoff Phase Theory. According to Wyckoff’s theory, the price cycle of trading instruments includes four stages, they are accumulation, markup, distribution, and markdown.

Accumulation Phase: The accumulation process is displayed in the chart in the form of a price range. In addition, the bulls gradually expanding, but they can still push up prices. The price pattern on the chart of WBTC is flat.

Markup Phase: The bulls have enough power to push prices above the high end of the range. This indicates that the price is in the second phase and a bullish price pattern is being created on the chart.

Distribution Phase: This is the third level of theory. The bear plan is now to regain control of the market. The price is currently flat on the chart, as in the accumulation process. The formation of higher and lower points in the chart indicates that the market is in the Distribution stage. The lower profit margin is caused by price changes, which indicates that the market is currently in a selloff.

Markdown Phase: After the Distribution phase, a price reduction process begins, just like a downward trend, which means that the bears have enough financial strength to pull the market down. When the price breaks through the lower level of the flat range of the horizontal distribution channel on the chart, a markdown will be confirmed.

More so, UMA is currently in the accumulation phase, which indicates that they have more bearish days.


The below chart shows the relative strength index (RSI) of UMA. 

UMA RSI (Source: TradingView)

Henceforth, as shown in the below chart, RSI remains at 46.79. This shows that UMA’s price is in neither overbought nor oversold state. However, this shows that traders can trade fearlessly.


The below chart shows the Relative Volume of UMA. RVOL is an indicator that represents to traders how the current trading volume has changed over a period of time compared to the past trading volume.

UMA RVOL(Source: TradingView)

However, in the last week of June, it is found that the RVOL of UMA observed is weaker. Currently, the RVOL of UMA remains below the cutoff line, representing the weaker participants in the current trend.

UMA Token (UMA) Moving Average

UMA’s Moving Average (MA) is shown in the chart below. Moving Average is a part of technical analysis that supports traders to find trends.

UMA MA (Source: TradingView)

Even more, in the 50 MA (Short-term), the price of the UMA is in a bullish state, and it has broken the 200 MA. However, it will completely go to a bearish state.

Currently, the price of UMA is trading below the 200 MA level so we can expect more bullish in the upcoming days.

UMA Token (UMA) Price Comparison With Bitcoin

The below chart shows the price comparison between UMA and BTC. 

UMA vs BTC Price Comparison chart(Source: TradingView)

Accordingly, from the chart, we can identify the trend of the BTC and UMA is moving at the same level as the trend. This indicates when the price of BTC increases or decreases, the price of UMA also increases or decreases respectively.


With the ongoing developments and upgrades that are taking place within the UMA platform. UMA has a great future ahead in this crypto market. However, UMA can reach new heights.

Furthermore, bullish UMA price prediction 2021 is $ 35.20. However, as mentioned above, it may reach great heights, however reaching $36, if investors have decided that UMA is a good investment in 2021.


What is UMA?

UMA is a protocol for the creation of synthetic belongings based on the Ethereum (ETH) blockchain.

Where can you purchase UMA?

UMA is listed on many cryptocurrency exchanges that include Binance, OKEx, Huobi Global,, and Hotcoin Global. 

Will UMA reach a new ATH soon?

The ongoing developments and upgrades inside the UMA platform have a high possibility of reaching its ATH soon.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Recommended for You

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.