Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
UMA Extends 21% Rally, Testing Key Resistance After Confirmed Breakout on Daily Chart

UMA Extends 21% Rally, Testing Key Resistance After Confirmed Breakout on Daily Chart

CryptonewslandCryptonewsland2025/08/22 18:15
By:by Vee Peninah
  • UMA gained 7.2% in 24 hours and is currently trading at $1.51, holding firm above the $1.38 support level.
  • Resistance at $1.60 remains the next critical test, with extended levels at $1.76 and $2.04 highlighted on the daily chart.
  • Cross-performance shows strength, with UMA up 7.4% against Bitcoin and 6.0% against Ethereum in the same timeframe.

UMA (UMA) recorded a strong price advance over the past 24 hours, gaining 7.2% to trade at $1.51. The token has already produced multiple short-term spikes this week, with the latest move following a recent breakout and retest on the daily timeframe. Market watchers have noted that the asset has added more than 21% from earlier accumulation, placing current levels under close observation for further direction.

Breakout Confirmed as Price Holds Above Support

The daily chart indicates that UMA recently cleared a consolidation phase marked by a symmetrical triangle pattern. The breakout was confirmed by a retest after it was realised earlier this month. Today, the asset is above its support of $1.38, which has held up despite the recent fluctuations.

$UMA 🔥🔥 quick 5% done again.. expecting moonshot in shortterm https://t.co/1V6ycG2lEn

— Crypto Candy🔥💎 (@cryptocandy24x) August 22, 2025

The stability of price at this support zone has promoted the persistence progression, as buyers have resolved to protect the area. Maintaining this level becomes critical, as it could provide a base for any short-term extensions. However, the market remains sensitive to external factors, which may affect UMA’s next move.

UMA Nears Key Resistance as Cross-Performance Strengthens

Attention has shifted toward the next resistance levels, with $1.60 emerging as the nearest ceiling. The token is trading close to this barrier, and movement through it may open the path toward higher zones. The chart further highlights $1.76 and $2.04 as extended resistance points, which remain critical for any sustained rally.

In parallel, UMA has gained 7.4% against Bitcoin, valued at 0.00001334 BTC, and 6.0% against Ethereum, trading at 0.0003484 ETH. These cross-performance metrics highlight consistent traction across trading pairs, reinforcing the relevance of resistance levels on the USD chart.

UMA Shows Steady Intraday Gains Within Defined Trading Range

Intraday gains have been steady, with the asset adding more than 5% in one session earlier. This repeated movement signals that short-term participants are active and responsive to each breakout attempt. The current trading range suggests that immediate upside momentum continues to align with earlier breakouts, although each resistance test carries increased importance.

Trading volumes have also reflected the ongoing moves, supporting the breakout thesis noted on the daily timeframe. With support levels established and resistance zones approaching, UMA’s short-term price action is now positioned around these critical thresholds.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!