The $UTK /USDT chart on the 15-minute timeframe shows a strong upward momentum earlier, with the price reaching a 24-hour high of $0.13991.
Currently trading at $0.12450, UTK is showing a 13.28% gain, indicating significant bullish interest.
๐The Bollinger Bands suggest price consolidation, as the price is hovering near the middle band (MB) at $0.12385, showing potential for a breakout. The 5-period MA (yellow) remains slightly above the price, indicating caution for short-term traders, while volume has decreased after an initial spike.
๐จ The MACD line is hovering near zero, showing weak momentum but signaling a potential upward move if volume increases. Traders looking for profitable trades should watch for a breakout above the $0.125 mark with strong volume confirmation or a dip near the lower Bollinger Band (around $0.11566) for a bounce-back opportunity. Manage stop-losses carefully and track volume for optimal entry.
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