This is just an Trend and Support & Demand analysis. DO YOUR OWN RESEARCH... Look at the market from the perspective of the war between buyers and sellers and the aim of making a profit. From this perspective, just think about how right the buyers were to sell after they bought (invested) at the bottom and earned 46 times after it was listed on Binance.
UMA is in support zone. If it does not break down, target will be the channel up line.