$UTK /USDT Technical Analysis and Trade Signals

Current Price: $0.10351

24H Change: +65.67%

Momentum: Strong bullish with high volatility

Technical Indicators

1. Support Levels:

Immediate: $0.09000

Strong: $0.08000

2. Resistance Levels:

Immediate: $0.11000

Strong: $0.14393

3. Moving Averages:

50 EMA: Bullish crossover

200 EMA: Indicates upward trend continuation

4. RSI: 72 (Overbought Zone)

May correct slightly before continuing upward.

Trade Strategy

Trade Type: Short-term Swing Trade (1-3 days)

Entry Point:

Ideal Entry: $0.09500-$0.10000 (on retracement)

Targets 🎯

1. Target 1: $0.11000

Price expected to test the nearest resistance.

2. Target 2: $0.12500

Strong upward push likely if momentum sustains.

3. Target 3: $0.14393

Testing 24H high with potential breakout.

Stop-Loss:

Place stop-loss at $0.08500 to manage downside risk.

Trade Momentum

Short-Term Momentum: Bullish

If volume sustains above current levels (1.76B), UTK may continue its rally towards higher resistance zones.#BinanceLaunchpoolVANA #BinanceListsVelodrome #MarketMajorComeback