In this Utrust technical analysis, we will examine the current price action, trading volume, key levels and indicators for UTK-BTC. Utrust (UTK) is a privacy-focused cryptocurrency that utilizes advanced encryption techniques to protect user data and transactions. With its fast transaction times and low fees, Utrust has gained popularity among users looking for a secure and efficient digital asset. The decentralized governance model of Utrust allows holders to participate in decision-making processes, giving them a sense of ownership and control over the project’s direction.
Utrust Price Overview:
As of October 02, 2023, Utrust is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for UTK-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 712,802.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Utrust reached a daily high of around 0.0 BTC.
- Low (L): The daily low for UTK-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Utrust is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.93% |
| 3D Change (%) | -2.87% |
| 7D Change (%) | -4.69% |
| 30D Change (%) | -3.33% |
| 90D Change (%) | -18.47% |
| YTD Change (%) | -55.19% |
Over the past three days, UTKBTC has declined by approximately -2.87%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -4.69%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UTKBTC maintaining a downward trend of approximately -3.33%, despite intermittent fluctuations. Examining the last 90 days, UTKBTC has witnessed substantial decline of approximately -18.47%, reflecting strong long-term confidence. Year-to-date, UTKBTC has steadily depreciated by around -55.19%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Utrust Live Chart:
You can access a live price chart for UTK-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.36749.
- Momentum score is -0.03333.
UTK BTC Technical Analysis
Utrust Trading Volume:
The trading volume for Utrust (UTK) over the past 24 hours has been significant, with approximately 712,802.00 BTC traded against UTK. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): UTK is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Utrust is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for UTK-BTC is currently in the low zone, around 44.89489. This suggests that Utrust is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Utrust (UTK-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
