UMA price doubles following a massive trading volume influx of nearly 500%, hitting its ATH after a bull rally of more than 140%
A bullish momentum sparked the DOT price which formed a new ATH in the early trading hours
UMA Price Massive Spike
The UMA price rallied like a giant, multiplying in binary in very less stipulated time. The surge was pretty massive with negligible selling and intense buying. The price hit its ATH at $38.26 in the early hours of trade and is currently attempting hard to break the upper resistance at ATH.
The huge influx of trading volume which spiked enormously of about 621.65% , surpassed $1 billion in the last 24 hours. And hence, the price rose remarkably to hit the ATH with less effforts. At the time of writing, the UMA price is $35.84 with a massive jump of nearlt 141.74% with the market cap surpassing $1 billion.
Polkadot Price Forms ATH and Gets Rejected
Polkadot price jumped with a huge bullish momentum gaining nearly 35% of the price in the last couple of days. The price after an initial surge was trending in a very narrow range, appeared to have entered a consolidated phase.
However, the price received a bullish divergence due to which the price rallied high to smash the ATH in the very stipulated time frame.
The trading volume rose massively more than 120% to surpass $6 billion levels and the market capitalization also crossed $17 billion with a jump of 15.34%. The DOT price at the time of writing is $20.21 with a jump of 16.92% in the last 24 hours.
The DOT price rally is expected to continue to form new highs above $26, expecting a major breakout anytime from now at the current levels around $20.
Collectively, UMA price and DOT price successfully smashed their respective ATH in the early trading hours. However, the price appears to be poised to surpass the newly formed ATH very soon.