- The UOS coin price is currently trading at $0.19118.
- The coin price has gained over 56.52% from its yearly low of 2023.
The Ultra price prediction for the upcoming months is bullish. UOS coin price is showing potential growth in the future.
The UOS coin has been in a continuous downtrend with minor pullbacks from its 52-week high.
Since May 2023, the price has been trading inside the falling channel in which it continued its further decline.
The fall in price halted at $0.12251 which made it the yearly low of 2023. After that, the coin price initiated a bullish rally by forming a support here.
Amidst the bullish rally, the UOS coin price gave a breakout of the falling channel. The breakout was supported by a high buying volume and gained 56.52% since then. It denotes that some crypto whales infused their capital which helped the coin price rise.
The UOS price is currently trading at $0.19118 and with a 24-hour volume of $462.107K. It has registered a surge of 2.03% in the last 24 hours.
Will the Bulls Continue to Dominate in the UOS Coin?
The UOS coin price is trading above the 50-day and 100-day showing the buyers’ strong hold over the price. A bullish crossover is expected by the EMA lines in the upcoming trading session. It denotes the continuation of the bull run is expected in the long term.
However, the coin price is trading too far from the EMA lines. This indicates that a short-term correction or narrow-range consolidation is possible in the upcoming trading days.
The relative strength index is at 71.78 and has entered the overbought territory. This shows the UOS price has started to trade above its fair value and a short-term pullback is possible in the upcoming trading days.
A Strong Bullish Candle Breakout in UOS Chart
The UOS coin price in the weekly chart has given the breakout of the falling channel pattern with a strong bullish candle supported by strong buying volume. This shows that the buyers are currently very active and expect it to outperform in the future.
The ongoing uptrend seems reliable as it is supported by the high buying volume and is likely to hold the upper levels.
Currently, the coin price is taking a halt at $0.20362 level. It needs to break above this level which may trigger the next phase of the bull run and it might reach its resistance at $0.22139.
On the lower levels, the $0.16726 level is acting as a support level for the coin price. The breakdown of this level may give rise to panic selling. After this, the coin price may reach its next support at $0.12950.
Conclusion
The UOS coin price prediction is bullish in the upcoming months. The technical indicators are showing a short-term retracement in the short-term. According to some crypto experts, the coin value may increase as it shows promising growth ahead.
Technical Levels
Resistance Levels: $0.20362 and $0.22139
Support Levels: $0.16726 and $0.12950
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.