{"content":"⚡ $UMA Surges Nearly 17% — But Is It a Breakout or a Bull Trap? Current Price: $1.280 24H Move: +16.89% High of the Day: $1.389 Strongest candle in weeks just printed — but context is everything. 📊 Moving Averages: 7 EMA (Yellow): $1.119 25 EMA (Purple): $1.145 99 EMA (Blue): $1.183 All MAs have been reclaimed with force — bullish short-term shift confirmed. 📈 Technical Snapshot: ✅ Bullish Momentum: UMA just broke above congestion zone between $1.12–$1.18, which acted as resistance for weeks. First strong move since mid-May with volume spike — indicating potential start of new leg. Closing and holding above $1.30 could ignite a push toward $1.45–$1.60 range. ❌ Caution Signals: The chart has shown multiple sharp wicks up, followed by fade-outs — watch for bull trap behavior. Needs consolidation above $1.20 to confirm breakout integrity. 📌 Key Levels: Immediate Resistance: $1.32–$1.35 Major Resistance Zone: $1.50–$1.60 Support Now: $1.18 (99 EMA) and $1.12 (25 EMA) 🧠 Sentiment: Structure shifting bullish in short term, but still inside a wide chop zone long term. Watch for follow-through in next 1–2 candles — if not, classic wick dump scenario might repeat. DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/06/6ff694b04ee0407b8599307b95ca2b04.png"],"tags":[],"tradingPairs":["UMA/USDT"],"quotearticleid":0}