In this Utrust technical analysis, we will examine the current price action, trading volume, key levels and indicators for UTK-USDT. Sure, here are three sentences about Utrust (UTK) cryptocurrency: Utrust (UTK) is a decentralized payment platform that enables users to make transactions directly with merchants without intermediaries. With Utrust, users can purchase goods and services from any merchant who accepts the token, and merchants can receive payments directly into their bank accounts. By leveraging blockchain technology and smart contracts, Utrust aims to provide a secure, transparent, and efficient payment solution for both individuals and businesses.
Utrust Price Overview:
As of October 03, 2023, Utrust is trading at approximately 0.0555 USDT. Let’s dive into the detailed price action for UTK-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0563 |
| High (H) | 0.0565 |
| Low (L) | 0.0552 |
| Close (C) | 0.0555 |
| Volume (C) | 4,366,374.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0563 USDT.
- High (H): Utrust reached a daily high of around 0.0565 USDT.
- Low (L): The daily low for UTK-USDT was approximately 0.0552 USDT.
- Close (C): At the time of analysis, Utrust is trading near its daily close of 0.0555 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.77% |
| 3D Change (%) | -2.12% |
| 7D Change (%) | 0.18% |
| 30D Change (%) | 3.16% |
| 90D Change (%) | -24.28% |
| YTD Change (%) | -25.80% |
Over the past three days, UTKUSDT has declined by approximately -2.12%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 0.18%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UTKUSDT maintaining an upward trend of approximately 3.16%, despite intermittent fluctuations. Examining the last 90 days, UTKUSDT has witnessed substantial drop of approximately -24.28%, reflecting strong long-term confidence. Year-to-date, UTKUSDT has steadily depreciated by around -25.80%, 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-USDT 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 0.41167.
- Momentum score is 0.0316.
UTK USDT Technical Analysis
Utrust Trading Volume:
The trading volume for Utrust (UTK) over the past 24 hours has been insignificant, with approximately 4,366,374.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Utrust is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for UTK-USDT is currently in the neutral zone, around 46.37139. This suggests that Utrust is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Utrust (UTK-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways 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.
