ULTIMA next move is already here! Hello, everyone!
⚡️ After reaching a low of 6,090, the price of ULTIMA rebounded with good buying volume and has now corrected slightly.
Attention has returned to the token, so let's take a look at what lies ahead for ULTIMA:
The price has probably bottomed out and is now close to its sloping resistance. A breakout could signal the likely start of a new trend for the token. In addition, three gaps have already formed above! And as we know, in 99% of cases, gaps close sooner or later.
⚙️ Several other indicators also point to this:
Money Flow - as I said earlier, liquidity continued to flow into the token throughout its correction, demonstrating strong trader confidence. However, at current levels, there has been a real boom, pushing the indicator up to 0.48, which was last seen at a price of $20,000!
Liquidation zones - there is noticeable buyer demand at the local bottom. Almost 4 times more than the nearest liquidity point in shorts. And as I always say, the price moves from one liquidity zone to another. But this is only the local level, and in the global picture, there are huge layers of short liquidity above $10,000.
Bollinger Bands - the candle closed below the lower wave for the first time and the price rebounded strongly. This potentially signals oversold conditions and possibly a bottom has been found.
📌 Conclusion:
ULTIMA is still gaining strength. Nothing moves from trend to trend. There are phases of “accumulation” and “distribution.” ULTIMA experienced redistribution at levels of $20,000.
And now, having found the bottom, the token can finally move into the accumulation phase, gathering strength for the next impulse.
✅ As I said, this is one of the most promising altcoins right now. This is because Bitcoin is already beginning its correction, and liquidity will start to flow into altcoins, especially those that are undervalued and easier to move. So I am definitely keeping an eye on ULTIMA and looking for an entry point.
Have a nice day, everyone!
