UMA (UMA) has registered an impressive 28.7% gain in the last seven days, according to data by CoinMarketCap. In a week marked by market losses and little gains, the DeFi token showed much resilience to emerge as one of the biggest weekly gainers. Although most of the market stands in awe of the stunning bullish performance of the popular meme coin – PEPE -, UMA’s remarkable price gain has recorded much profit for its investors, drawing significant attention. Related Reading: PEPE Market Cap Crosses $1 Billion As Gemini Listing Rumors Spread UMA’s Price Action Initially, UMA began trading the week around a price region of $1.95. The token showed no significant movement until two days after when it attempted a bullish run but couldn’t break past the resistance level at $2.31. On May 5, i.e., yesterday, UMA experienced a hike in its market price, gaining by over 43% to move from $2.18 to break above the $3 price mark for the first time since August 2022. Although UMA’s price has since slipped from such high levels, the DeFi token appeared to have found ..
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