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 decentralized e-commerce platform that leverages blockchain technology to provide secure and transparent transactions. With Utrust, users can purchase digital goods and services with ease, while merchants can benefit from lower fees and increased security. Additionally, Utrust’s innovative token-based system allows for a more efficient and cost-effective way of conducting online transactions.
Utrust Price Overview:
As of July 08, 2024, 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) | 133,153.00 |
- 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 (%) | 4.94% |
| 3D Change (%) | 6.25% |
| 7D Change (%) | 0.00% |
| 30D Change (%) | -20.56% |
| 90D Change (%) | -52.25% |
| YTD Change (%) | -56.41% |
Over the past three days, UTKBTC has experienced a significant surge of approximately 6.25%, indicating increased market volatility. In contrast, its performance over the last week was marked by a decline of around 0.00%, suggesting a lack of investor interest. A 30-day analysis provides a more comprehensive view, revealing a downward trend of approximately -20.56%. Looking further back, UTKBTC has witnessed a substantial decline over the past 90 days, with a loss of around -52.25%, reflecting a lack of long-term confidence. Year-to-date, UTKBTC has continued to decline steadily, with a drop of approximately -56.41%.
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 0.58115.
- Momentum score is -0.07609.
UTK BTC Technical Analysis
Utrust Trading Volume:
The trading volume for Utrust (UTK) over the past 24 hours has been insignificant, with approximately 133,153.00 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 38.48982. This suggests that Utrust is in bearish territory.
Analysis from TradingView:
Our Key Takeaways: Utrust (UTK-BTC) is currently experiencing short-term bearish momentum, with key support and resistance levels drawing attention. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Furthermore, the low RSI and insignificant trading volume are low signals indicating a potential downward movement.
Envision bearish outlook for Utrust (UTKBTC) at 8.50e-07 BTC with weakened support and cautionary indicators, revealed in technical analysis.
Don’t overlook our detailed insights on UTK USDT Utrust Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
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.