UTK BTC Utrust Technical Analysis

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By Frans van Elst

Utrust logo 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 May 05, 2024, Utrust is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for UTK-BTC:

Anticipate potential setbacks for Utrust (UTKBTC) at 1.35e-06 BTC through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 0.0
High (H) 0.0
Low (L) 0.0
Close (C) 0.0
Volume (C) 142,670.00
  • 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 (%) -1.46%
3D Change (%) -6.90%
7D Change (%) 0.75%
30D Change (%) -21.05%
90D Change (%) -25.82%
YTD Change (%) -30.77%

Over the past three days, UTKBTC has fallen by approximately -6.90%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 0.75%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UTKBTC maintaining a downward trend of approximately -21.05%, despite intermittent fluctuations. Examining the last 90 days, UTKBTC has witnessed substantial fall of approximately -25.82%, reflecting strong long-term confidence. Year-to-date, UTKBTC has steadily depreciated by around -30.77%, 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 0.54002.
  • Momentum score is -0.04255.

UTK BTC Technical Analysis

Utrust Trading Volume:

The trading volume for Utrust (UTK) over the past 24 hours has been insignificant, with approximately 142,670.00 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 42.71608. 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 insignificant trading volume are low signals for potential downward movement.

Anticipate potential setbacks for Utrust (UTKBTC) at 1.35e-06 BTC through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Don’t skip our thorough exploration of UTK USDT Utrust Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.

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.

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