$UTK

UTK/USDT Technical Analysis – 3 Targets 🎯

Current Price: $0.11507 (+25.05%)

24H High/Low: $0.12260 / $0.08146

Trading Volume: 620.21M UTK (~$62.29M USDT)

📊Analysis Overview

UTK/USDT has surged +25.05% in the past 24 hours, making it one of the top gainers. The price is now testing the 0.11507 level, but there are key resistance levels to be cautious about as momentum continues.

1. Parabolic SAR: Positioned at $0.08931, suggesting strong support below the current price.

2. Support and Resistance Levels:

Immediate Support: $0.10124 (a minor support level).

Resistance 1: $0.12260 (24-hour high), a significant level to watch for potential resistance.

Resistance 2: $0.12415 (Depth-level resistance), a key level for a breakout.

3. Indicators:

MACD: Bullish momentum is evident, signaling continued upward pressure unless a sharp reversal occurs.

Bollinger Bands: The price is near the upper band, indicating high volatility and a potential pullback or continuation of the uptrend.

🎯 Targets for UTK/USDT

1. Target 1 – $0.12260: Immediate resistance level where the price may face selling pressure. A breakthrough could signal further bullish movement.

2. Target 2 – $0.12415: A key level aligned with the Depth indicator, representing the next significant hurdle for the price.

3. Target 3 – $0.14706: A potential breakout target if momentum remains strong, marking a more extended upward move.

⚠️Recommendation

Bullish Case: Watch for a breakout above $0.12260, supported by strong volume, as the price could move toward $0.12415 or higher.

Bearish Case: A pullback to support at $0.10124 or $0.08931 could occur if the price fails to maintain its upward momentum.

🚀Trade Strategy

Entry: Consider entering near $0.11507 with a stop-loss below $0.10124.

Take Profit Levels: $0.12260, $0.12415, $0.14706.

Keep an eye on MACD and volume for confirmation of trend strength.

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