$UFT is currently trading at 0.0089 USDT, indicating a bearish market structure.
The support level at 0.0086 USDT may hold if buying pressure persists; otherwise, a break could trigger further declines.
Resistance sits at 0.019 USDT, presenting a potential target for breakout traders.
With an RSI of 36.41, the asset is close to oversold conditions, suggesting a possible reversal could happen soon.
Traders should remain wary of risks from Bitcoin's volatility and macroeconomic uncertainties that can impact sentiment.
