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Summary
• Price fluctuated between 0.694 and 0.718, forming bullish and bearish reversals near key levels.
• Volume spiked during a 0.713 high, confirming strength, but momentum eased later in the session.
• RSI hovered around neutral, while Bollinger Bands expanded, indicating increased short-term volatility.
• A bullish engulfing pattern emerged at 0.695–0.697 after a decline, suggesting a potential near-term rebound.
• Turnover diverged with price during the final hours, hinting at fading buying pressure.
UMA/Tether (UMAUSDT) opened at 0.697 on 2025-12-23 12:00 ET, reached a high of 0.718, touched a low of 0.694, and closed at 0.695 on 2025-12-24 12:00 ET. Total volume amounted to 217,114.9, with notional turnover at 151.89.

Looking ahead, a test of 0.706 as a near-term resistance could trigger a pullback if buyers show hesitation. Traders should monitor volume behavior around 0.701–0.703, as a break above this range may suggest resumption of the previous upward attempt. As always, sudden shifts in sentiment or external macro events could alter the near-term path.
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