UMA Price Falls to New All-Time Low After Losing 847-Day Support

Key Takeaways

• The UMA price fell to a new all-time low on March 10.
• The price broke down from an ascending support trend line.
• How long will the UMA downward movement continue?
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The UMA price has not performed well in the current crypto market cycle. While the price increased nearly 400% between October 2023 and January 2024, it has fallen since, creating a lower high and losing its main diagonal support.

On March 10, UMA fell to a new all-time low, breaking down from a long-term horizontal support area. How long will this UMA decrease continue? Let’s find out.

UMA All-Time Low

The weekly time frame chart shows that UMA has fallen since its cycle high of $7.02 in January 2024. It created a lower high in December, its first sign of a bearish structure.

The price broke down from an ascending support trend line in January 2025, accelerating its decrease. UMA’s downward movement led to a new all-time low of $1.02 on March 10. 

Technical indicators are bearish, suggesting the decline will continue. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are falling. The RSI is below 50, while the MACD is negative.

Therefore, the weekly time frame suggests that UMA will continue falling. Since the price is at an all-time low, the wave count can help determine the next areas of support.

What’s Next for UMA?

The long-term wave count suggests the UMA price will continue falling. According to the count, UMA has completed a five-wave downward movement after its all-time high and followed it with an A-B-C structure.

If the count is accurate, UMA has started another five-wave decrease. If it has the same length and duration as the previous one, the UMA price will reach a new all-time low of $0.206 in December 2026.

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The sub-wave count is in black, indicating that UMA is nearing the bottom of sub-wave one. Therefore, a short-term bounce could occur, completing sub-wave two before the downward movement accelerates again.

The next portion of the decline could be the sharpest since it is sub-wave three in wave three.

On the other hand, reclaiming the long-term ascending support trend line will invalidate the bearish count, indicating instead that UMA has started a bullish trend reversal. This currently seems unlikely.

New Lows Incoming

The UMA price confirmed its bearish trend by breaking from a long-term ascending support trend line and falling to a new all-time low.

The indicator readings and wave count suggest the downward movement will continue.