๐ $UTK โ Sideways Consolidation, Eyeing Breakout Above $0.034
$UTK is trading at $0.0331 (+0.24%), holding steady after bouncing from the $0.0284 low. Price is consolidating near the short-term EMAs, indicating accumulation before a potential move.
๐ Key Levels:
- Support: $0.0319 โ $0.0304
- Resistance: $0.0340 โ $0.0360
- Breakout Confirmation: A close above $0.0345 may trigger further upside momentum.
๐ฏ Targets:
- TP1: $0.0345 โ +4.21%
- TP2: $0.0360 โ +8.72%
- TP3: $0.0400 โ +20.87%
โ Stop Loss: $0.0300
๐ Market Insights:
Trading volume of 17.65M UTK shows moderate interest. A breakout above $0.0345 with volume support could open the way for retesting $0.0400. Sustaining above $0.030 is crucial to maintain the bullish bias.