TradeDog-Research

UMA-USDT(Consolidation Breakout)

Long
BINANCE:UMAUSDT   UMA / TetherUS
Universal Market Access or UMA seeks to decentralize the financial derivatives products such as Futures , CFD or Total Return swaps.

For the past 3 months, UMA has been trading in a Horizontal Channel formation. Closing above the resistance trendline $33 may trigger the price of the UMA token to new highs.

Key levels to watch out for-

Support to the lower side is present at $35 while it may rally to $44 after the breakout.

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