$UFT currently sits at 0.0089 USDT, facing a bearish market structure as it hovers near its support level of 0.0086 USDT. With an RSI of 36.41, suggesting weak buying momentum, a range-bound trading strategy may be prudent. Traders should watch for price action around the support level, as a confirmed break below could invite further downside. Also, macroeconomic events and Bitcoin’s volatility could pose significant risk factors.
