- The UTK coin price has been trading flat for several days.
- The current market cap ranking of the xMoney on CoinMarketCap is 530.
xMoney is a platform that enables secure and low-fee cryptocurrency and fiat money transactions for merchants and buyers. It also protects sellers from crypto volatility and offers refunds to buyers. xMoney is powered by its native token UTK, which incentivizes adoption and collaboration. This platform was founded by three crypto experts.
xMoney has a volume/market cap ratio of 5.23%. It follows up a market cap rank of #528 as per CoinMarketCap. The current market cap of crypto is $37.653 Billion, leading to a decline of -0.02% in the last 24 hours.
The circulating supply of the UTK coin is 100% of its max supply resulting in 500M UTK. This cryptocurrency’s diluted market cap is $37.658M. In the last 30 days, the UTK token has given a return of 26.3% as per Coingecko.
UTK Price Technical Analysis
The UTK crypto experienced a persistent decline, forming lower low patterns. This trend resulted in a falling wedge pattern. However, the recent price movement has broken above the wedge, signaling a bullish reversal in the market.
UTK/USD Live Chart by TradingView
The UTK coin is on an upward trajectory, surpassing both the 50-day and 200-day Exponential Moving Averages (EMA). Despite the EMAs currently in a death cross, continued upward movement could potentially lead to a golden cross formation in the charts.
In the UTK crypto chart, the Relative Strength Index (RSI) exhibits a narrow range, signifying increased volatility. Despite the RSI showing a bullish trend, it suggests price uncertainty attributable to uncertain momentum.
Conclusion
xMoney’s UTK crypto, despite trading flat recently, exhibits a potential bullish reversal. With a strong market cap ranking of 530 and technicals signaling an upward trajectory, the UTK crypto’s advance in price and positive indicators suggest a promising outlook for investors. It can lead the crypto price to a higher level in the future.
Technical Levels:
- Support levels: $0.830 and $0.1060
- Resistance levels: $0.2220 and $0.2920
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
