Technical Analysis for $UTK

/USDT

Current Price: 0.09877 USDT

Trend: Bullish (1.04% increase over 24 hours)

Technical Indicators:

Support: 0.09553 USDT (24h low)

Resistance: 0.10220 USDT (24h high)

Moving Averages (MA):

50MA: Bullish cross (suggesting upward momentum)

200MA: Price above the 200-day moving average, supporting the bullish trend

RSI (Relative Strength Index): Around 60-65 (Neutral to slight bullish)

MACD: Showing a bullish signal crossover

Trade Signal:

Buy Signal: Look for an entry around 0.09700 USDT if price holds above the support zone.

Sell Signal: Sell near 0.10200 or higher, around resistance levels.

Target Levels 🎯:

1. First Target: 0.10050 USDT (Intermediate resistance)

2. Second Target: 0.10220 USDT (Recent 24h high, potential reversal zone)

3. Third Target: 0.10400 USDT (Next resistance zone, based on past price action)

Trade Momentum:

Bullish sentiment seems strong based on technical indicators, particularly if price remains above 0.09553. Strong volume backing the upward trend suggests continued momentum. However, watch for a correction if the RSI nears 70 (overbought condition).

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