After a prolonged bearish trend, UTK Xmoney appears to be forming a strong bottom near the $0.03–$0.04 range. The weekly chart suggests that the asset may be entering a new bullish cycle, especially considering the previous historical support and resistance levels.
My projection (green dotted line) envisions a gradual recovery, with UTK breaking through key resistances at $0.13678 and $0.51413, aiming for the $0.73614 region by 2026. This scenario is based on:
Technical Analysis: Multiple rejections of the lower support zone and historical pattern of strong upswings after prolonged accumulation periods.
Market Sentiment: Increasing adoption of Xmoney’s payment solutions, partnerships, and overall crypto market cycles.
Risk Management: If the $0.03940 support fails, downside risk increases significantly.
Trade Idea:
Long-term position from current levels ($0.03–$0.04) targeting $0.73, with partial profit-taking at $0.13 and $0.51. Stop-loss below $0.039.
Disclaimer:
This analysis is for informational purposes only and not financial advice. Always do your own research.
My projection (green dotted line) envisions a gradual recovery, with UTK breaking through key resistances at $0.13678 and $0.51413, aiming for the $0.73614 region by 2026. This scenario is based on:
Technical Analysis: Multiple rejections of the lower support zone and historical pattern of strong upswings after prolonged accumulation periods.
Market Sentiment: Increasing adoption of Xmoney’s payment solutions, partnerships, and overall crypto market cycles.
Risk Management: If the $0.03940 support fails, downside risk increases significantly.
Trade Idea:
Long-term position from current levels ($0.03–$0.04) targeting $0.73, with partial profit-taking at $0.13 and $0.51. Stop-loss below $0.039.
Disclaimer:
This analysis is for informational purposes only and not financial advice. Always do your own research.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.