$UFT /USDT Price Analysis - Binance

Current Price: $0.3184

24h Change: +2.28%

24h High: $0.3611

24h Low: $0.2962

24h Volume (UFT): 23.41M

24h Volume (USDT): 7.72M

The $UFT /USDT pair is currently trading at $0.3184, showing a positive 24-hour change of +2.28%. Over the last 24 hours, the pair has reached a high of $0.3611 and a low of $0.2962, indicating some volatility in the market. With a trading volume of 23.41 million UFT and 7.72 million $USDT,it suggests there is moderate market interest.

Key Moving Averages (MA):

MA(7): $0.3176

MA(25): $0.3237

MA(99): $0.3388

The short-term moving average (MA7) is at $0.3176, slightly below the current price, while the MA25 is at $0.3237, indicating some near-term resistance. The long-term moving average (MA99) at $0.3388 shows that the price could face stronger resistance at this level, which could be the next major target if upward momentum continues.

Binance Depth & Price Levels:

Bid Depth: 0.3530

Ask Depth: -0.3511

Current Price Range: $0.3146 - $0.3127

On Binance, the price action shows a relatively tight range between $0.3146 and $0.3127 in the short term. The market is holding steady around $0.3184, but the bid and ask depths suggest that price action could be contained within this range in the near term, with a potential for upward movement towards $0.3237 (MA25) or $0.3388 (MA99) if bullish sentiment continues.

Market Outlook & Target:

Given the positive 24-hour change and the solid support around the current price levels, $UFT

/USDT might test resistance near $0.3237 (MA25) and possibly aim for $0.3388 (MA99) in the coming days. However, short-term traders should monitor potential support near $0.3146 and $0.3127 for signs of bullish or bearish reversals. A break above the $0.3237 level could signal further bullish momentum towards the $0.3388 target.

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