UTK MARKET STRUCTURE ANALYSIS UPDATE ๐๐
I am tracking $UTK closely as volume expands, with a 24h change of 16.23%, indicating a potential shift in market structure, and it's likely that the price will continue to rise if the current momentum is maintained, with a potential target of $0.01500, it shouldn't break the support zone of ~$0.006804, or the bullish outlook will be compromised ๐.
The current price of $UTK is hovering around $0.007950, which could lead to a significant increase in liquidity pools if the resistance zone is breached, potentially driving the price higher, and with a 24h volume of $10.21M, the market is showing signs of interest in $UTK, and a clean breakout above the mid-range of $0.01559 could lead to a significant increase in price, with a potential target of $0.02000, and the funding rates are also indicating a bullish sentiment, with a rate of 0.01%, which is a positive sign for $UTK ๐.
DYOR
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