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- Bullish UMA (UMA) worth prediction ranges from $8 to $20.
- Evaluation means that the UMA worth may attain above $15.
- The UMA bearish market worth prediction for 2024 is $1.8.
What’s UMA (UMA)?
UMA is an optimistic oracle (OO) that has the flexibility to file any verifiable fact onto a blockchain. UMA’s Optimistic Oracle permits contracts to rapidly request and obtain any sort of information. Moreover, UMA’s Oracle system contains two core elements that are Optimistic Oracle and Knowledge Verification Mechanism (DVM).
The OO has been known as “a human-powered fact machine” as a result of it’s versatile sufficient to deal with ambiguity and expands the design house potential in web3. UMA’s OO secures a various ecosystem of web3 functions, together with cross-chain bridges, insurance coverage protocols, prediction markets, and customizable DAO tooling merchandise.
UMA (UMA) Market Overview
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UMA (UMA) Present Market Standing
UMA has a circulating provide of 76,396,962 UMA cash, whereas its most provide is unknown, in accordance with CoinMarketCap. On the time of writing, UMA is buying and selling at $5.88 representing 24 hours lower of 13.05%. The buying and selling quantity of UMA up to now 24 hours is $404,291,759 which represents a 9.75% increas
Some prime cryptocurrency exchanges for buying and selling UMA are Binance, OKX, Deepcoin, Bitrue, and Bybit.
Now that you already know UMA and its present market standing, we will talk about the value evaluation of UMA for 2024.
UMA Value Evaluation 2024
Will the UMA blockchain’s most up-to-date enhancements, additions, and modifications assist its worth rise? Furthermore, will the modifications within the fee and crypto business have an effect on UMA sentiment over time? Learn extra to seek out out about UMA’s 2024 worth evaluation.
UMA Value Evaluation – Shifting Common Convergence and Divergence
The Shifting Common Convergence and Divergence indicators use two exponential transferring averages (ema) to seek out how the cryptocurrency is doing. Often, the longer EMA is the 26-Day EMA and the shorter is the 12-Day EMA. The MACD is discovered by lowering the 12-day EMA from the 26-day EMA. If the MACD is constructive meaning the crypto is performing but when it’s detrimental, then it’s dropping worth.
The above chart exhibits two eventualities of the MACD within the detrimental and constructive areas. The primary crossover from the left exhibits that the 12-day EMA dipped under the 26-day EMA, therefore the MACD went into the detrimental zone. The very subsequent crossover exhibits how the 12-day EMA rose above the 26-day EMA, as such, the MACD was within the constructive area. At present, the MACD reads a worth of 0.9 and it’s heading upward within the constructive route. Furthermore, the MACD line is above the sign line, therefore UMA is performing a lot better than the common.
The MACD heatmap additionally exhibits that it’s presently on an uptrend because the background is inexperienced highlighted. The worth of UMA is above the 12-day EMA and it appears to maintain going up. The MACD line could carry on going up till it reaches 1.17 as proven within the chart. The above-mentioned assertion relies on the belief that UMA reciprocates its previous habits.
UMA Value Evaluation – Bollinger Bands
The Bollinger bands are a kind of worth envelope developed by John Bollinger. It offers a variety with an higher and decrease restrict for the value to fluctuate. The Bollinger bands work on the precept of normal deviation and interval (time).
The higher band as proven within the chart is calculated by including two occasions the usual deviation to the Easy Shifting Common whereas the decrease band is calculated by subtracting two occasions the usual deviation from the Easy Shifting Common.
When Bollinger bands are utilized in a cryptocurrency chart, we may count on the value of the cryptocurrency to reside inside the higher and decrease bounds of the Bollinger bands 95% of the time. The above thesis is derived from an Empirical regulation.
The sections highlighted by pink rectangles within the chart above present how the bands develop and contract. When the bands widen, we may count on extra volatility, and when the bands contract, it denotes much less volatility.
The chart above exhibits that UMA is overbought because it has been touching the higher Bollinger band in the course of the previous week. There’s a excessive probability that the market may right the costs and UMA may undergo retracement. The Bollinger band width percentile has been used with the Bollinger band. Primarily based on the studying of the width of the Bollinger bands, the indicator dictates whether or not the worth is overbought or oversold. At present, the Bollinger band width percentile reads a worth of 0.9.
The Bollinger band width percentile reached this worth after retracing from the higher Bollinger band. Because the line is heading downwards there’s a excessive probability that the width of the bands may cut back. This discount in bandwidth may imply that the UMA may undergo consolidation.
UMA Value Evaluation – Correlation Coefficient (Pearson)
The correlation coefficient seeks to measure the energy of the linear relationship between two variables. Its values may vary from -1 to +1. A coefficient that provides +1 exhibits that there’s a direct relationship between the 2 variables. It exhibits that when one variable will increase, the opposite responds with a rise. When the coefficient is -1, it signifies that the variables are in an inverse relationship, which signifies that one decreases when the opposite will increase. In situations the place the coefficient is zero, it signifies that there isn’t any relationship between the 2 variables.
The above chart exhibits that the correlation coefficient is 0.77, denoting that there’s a sturdy relationship between the 2 variables, which era and worth of UMA. Since there’s a sturdy relationship between the value and time, we may count on this relationship to proceed and UMA may achieve extra worth.
UMA Value Prediction 2024-2030 Overview
| 12 months | Minimal Value | Common Value | Most Value |
| 2024 | $10 | $15 | $22 |
| 2025 | $21 | $27 | $31 |
| 2026 | $29 | $35 | $38 |
| 2027 | $35 | $38 | $42 |
| 2028 | $38 | $43 | $47 |
| 2029 | $50 | $57 | $59 |
| 2030 | $52 | $54 | $57 |
| 2040 | $57 | $59 | $63 |
| 2050 | $58 | $65 | $73 |
UMA Value Prediction 2024
The above chart exhibits the UMA has been transferring sideways since Might 2022. All through these 1.5 years, UMA was buying and selling inside a decent vary of $3-$5. UMA has damaged above the vary it was restricted to and it’s buying and selling at $5.9, at press time. The predictor indicator used within the chart exhibits that UMA has the potential to succeed in $15. Nevertheless, since UMA is overbought at press time, there’s a excessive probability that there may very well be a retracement to $4.7 earlier than the value begins to rise.
The above chart exhibits that UMA is gaining worth after breaking out from the falling wedge. It has risen by greater than the peak of the wedge. The Customary deviation imply has fallen again into the conventional vary after crossing above the edge. The Std Deviation presently reads a worth of two.29.
UMA Value Prediction – Resistance and Help Ranges
The above chart exhibits how UMA descended from Resistance 3 throughout its early levels. UMA fell under Resistance 1 after which it gained momentum and rose above Resistance 2 November 2021. Since 2022, UMA fell to Help 1 and thereafter it has been repeatedly held by Help 1. Therefore, Help 1 is a stronghold for merchants. Resistance 2 is the strongest out of all of the resistance ranges.
UMA Value Prediction 2025
UMA should still expertise the after-effects of the Bitcoin halving and is anticipated to commerce above its 2024 worth. Many commerce analysts speculate that BTC halving may create a huge effect on the crypto market. Furthermore, just like many altcoins, UMA will proceed to rise in 2025 forming new resistance ranges. It’s anticipated that UMA would commerce past the $27 degree.
UMA Value Prediction 2026
It’s anticipated that after an extended interval of bull run, the bears would come into energy and begin negatively impacting the cryptocurrencies. Throughout this bearish sentiment, UMA may tumble into its help areas. Throughout this era of worth correction, UMA may lose momentum and be slightly under its 2025 worth. As such it may very well be buying and selling at $35 by 2026.
UMA Value Prediction 2027
Naturally, merchants count on a bullish market sentiment after the crypto business was affected negatively by the bears’ claw. Furthermore, the build-up to the subsequent Bitcoin halving in 2028 may evoke pleasure in merchants. As such we may count on UMA to commerce at round $38 by the tip of 2027.
UMA Value Prediction 2028
Because the crypto group’s hope shall be re-ignited trying ahead to Bitcoin halving like many altcoins, UMA will proceed to kind new greater highs and is anticipated to maneuver in an upward trajectory. Therefore, UMA could be buying and selling at $43 after experiencing a large surge by the tip of 2028.
UMA Value Prediction 2029
2029 is anticipated to be one other bull run because of the aftermath of the BTC halving. Nevertheless, merchants speculate that the crypto market would progressively turn into steady by this yr. In tandem with the steady market sentiment and the slight worth surge anticipated after the aftermath, UMA may very well be buying and selling at $57 by the tip of 2029.
UMA Value Prediction 2030
After witnessing a bullish run available in the market, UMA and plenty of altcoins would present indicators of consolidation and may commerce sideways and transfer downwards for a while whereas experiencing minor spikes. Subsequently, by the tip of 2030, UMA may very well be buying and selling at $54
UMA Value Prediction 2040
The long-term forecast for UMA signifies that this altcoin may attain a brand new all-time excessive(ATH). This may be one of many key moments as HODLERS could count on to promote a few of their tokens on the ATH level.
If they begin promoting then UMA may fall in worth. It’s anticipated that the common worth of ICP may attain $59 by 2040.
UMA Value Prediction 2050
The group believes that there shall be widespread adoption of cryptocurrencies, which may preserve gradual bullish positive aspects. By the tip of 2050, if the bullish momentum is maintained, UMA may hit $65
Conclusion
If traders proceed to indicate curiosity in UMA and add these tokens to their portfolio, then, it may proceed to stand up. UMA’s bullish worth prediction exhibits that it may attain the $15 degree.
FAQ
UMA is an optimistic oracle (OO) that has the flexibility to file any verifiable fact onto a blockchain. UMA’s Optimistic Oracle permits contracts to rapidly request and obtain any sort of information
UMA may be traded on many exchanges like Binance, OKX, CoinW, Deepcoin, and Bitrue.
UMA has a risk of surpassing its current all-time excessive (ATH) worth of $43.37 in 2021.
UMA is among the few cryptocurrencies that has retained its bullish momentum up to now seven days. If this momentum is maintained, UMA may attain $15 quickly after its breaks the Resistance 1 degree.
UMA has been some of the appropriate investments within the crypto house. Though it has been consolidating in the course of the previous, we may count on it to rise exponentially when the underside is reached. Therefore, merchants could also be allured to put money into UMA.
The current all-time low worth of UMA is $1.16.
Allison Lu and Hart Lambur are the Co-founders of UMA.
The utmost provide of UMA cash is 101,172,570
UMA may be saved in a chilly pockets, scorching pockets, or change pockets.
UMA is anticipated to succeed in $15 by 2024.
UMA is anticipated to succeed in $27 by 2025.
UMA is anticipated to succeed in $35 by 2026.
UMA is anticipated to succeed in $38 by 2027.
UMA is anticipated to succeed in $43 by 2028.
UMA is anticipated to succeed in $57 by 2029.
UMA is anticipated to succeed in $54 by 2030.
UMA is anticipated to succeed in $59 by 2040.
UMA is anticipated to succeed in $65 by 2050.
Disclaimer: The views and opinions, in addition to all the knowledge shared on this worth prediction, are printed in good religion. Readers should do their analysis and due diligence. Any motion taken by the reader is strictly at their very own danger. Coin Version and its associates is not going to be held answerable for any direct or oblique harm or loss.
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