UTK
Fundamental Analysis
Introduce
xMoney (formerly known as Utrust) was designed to provide a solution to the problems resulting in low usability of cryptocurrency as means of payment, particularly the underdeveloped transactional security of payment platforms and relatively high fees.The main goal of the platform is to build a system that will enable fast and seamless crypto transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders.The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market.
BasicInfo
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | UTK | Market Cap | 63503874.35755 |
| Name | xMoney | White Paper | -- |
| Web Site | https://utrust.com | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2017-12-30 |
| Available Supply | 704112145 |
Technical Analysis
Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2024-12-31 | 0.09043 | 0.09526 | 0.0864 | 0.09004 | 103127.7808614 |
| 2024-12-30 | 0.09243 | 0.09932 | 0.08795 | 0.08967 | 149773.459548 |
| 2024-12-29 | 0.085 | 0.10945 | 0.08408 | 0.0925 | 337794.4026629 |
| 2024-12-28 | 0.09126 | 0.09262 | 0.08542 | 0.08679 | 123402.7342617 |
| 2024-12-27 | 0.08831 | 0.10154 | 0.08831 | 0.0911 | 232544.7593218 |
| 2024-12-26 | 0.09549 | 0.09675 | 0.088 | 0.08841 | 58619.088823 |
| 2024-12-25 | 0.09843 | 0.10138 | 0.09256 | 0.09559 | 62466.3872339 |
| 2024-12-24 | 0.0987 | 0.10171 | 0.09571 | 0.09881 | 86576.2153544 |
| 2024-12-23 | 0.09823 | 0.11073 | 0.09433 | 0.09949 | 96633.7730566 |
| 2024-12-22 | 0.08782 | 0.11052 | 0.08651 | 0.09854 | 202149.1834126 |
| 2024-12-21 | 0.10442 | 0.10489 | 0.08704 | 0.08887 | 75759.7588502 |
| 2024-12-20 | 0.09463 | 0.10863 | 0.07804 | 0.10423 | 552593.0352162 |
| 2024-12-19 | 0.1121 | 0.11521 | 0.09193 | 0.09451 | 975704.5218387 |
| 2024-12-18 | 0.10259 | 0.13907 | 0.10168 | 0.11217 | 1244789.122181 |
| 2024-12-17 | 0.11811 | 0.12467 | 0.1016 | 0.10248 | 499308.2640897 |
| 2024-12-16 | 0.13505 | 0.13852 | 0.1026 | 0.11795 | 1073208.7571222 |
| 2024-12-15 | 0.11294 | 0.17666 | 0.11016 | 0.13505 | 3024459.86098312 |
| 2024-12-14 | 0.09521 | 0.122 | 0.081 | 0.1118 | 1714589.9311334 |
| 2024-12-13 | 0.09425 | 0.14446 | 0.08543 | 0.0966 | 2852370.2156797 |
| 2024-12-12 | 0.05784 | 0.12411 | 0.05744 | 0.0949 | 350671.8008748 |
| 2024-12-11 | 0.0523 | 0.05947 | 0.05208 | 0.05785 | 3601.7145089 |
| 2024-12-10 | 0.0557 | 0.05812 | 0.04925 | 0.05405 | 8885.9010879 |
| 2024-12-09 | 0.0707 | 0.0707 | 0.05074 | 0.05642 | 43778.5989195 |
| 2024-12-08 | 0.06628 | 0.0707 | 0.06508 | 0.07039 | 12467.3765397 |
| 2024-12-07 | 0.06866 | 0.06922 | 0.0651 | 0.0658 | 3602.780797 |
| 2024-12-06 | 0.06518 | 0.06999 | 0.06448 | 0.06999 | 10621.369614 |
| 2024-12-05 | 0.06464 | 0.06826 | 0.0626 | 0.06532 | 12183.733319 |
| 2024-12-04 | 0.06533 | 0.06886 | 0.06259 | 0.06461 | 24615.5475461 |
| 2024-12-03 | 0.0573 | 0.0649 | 0.0573 | 0.0649 | 27476.1145913 |
| 2024-12-02 | 0.05432 | 0.0572 | 0.05038 | 0.05644 | 17130.8258113 |
Analysis
The price has shown significant volatility over the past 30 days. Initially, there was a sharp upward movement followed by a period of decline and consolidation. Towards the end of the period, price is experiencing downtrend with decreasing volume. The recent closing price is hovering around the initial price levels of the 30-day period. Volume spikes accompanied the largest price swings, particularly during the surge in mid-December. The early part of the period shows a relatively lower volume traded, suggesting less confidence or conviction in the market movement at that time. There appears to be a potential resistance around the 0.11 to 0.12 range, with prices failing to sustain above it. The 30-day data reveals a complex pattern, with no clear trend direction at the current stage. It shows a bearish sentiment currently prevailing after a period of high volatility. The recent decline in volume suggest a waning interest.
News Analysis
News
20241222
- UTK MACD Turning Negative ↓
20241216
- UTK PRICE NEW HIGH ↑
- UTK VOL TIMES
20241215
- UTK PRICE NEW HIGH ↑
- UTK VOL TIMES
20241214
- UTK PRICE NEW HIGH ↑
- UTK VOL TIMES
20241213
- UTK PRICE NEW HIGH ↑
- UTK MACD Bullish Reversal ↑
- UTK VOL TIMES
20241210
- UTK MACD Turning Negative ↓
20241209
- UTK PRICE NEW HIGH ↑
20241206
- UTK PRICE NEW HIGH ↑
20241205
- UTK PRICE NEW HIGH ↑
20241204
- UTK PRICE NEW HIGH ↑
20241203
- UTK PRICE NEW HIGH ↑
20241202
- UTK PRICE NEW HIGH ↑
20241201
- UTK PRICE NEW HIGH ↑
Analysis
UTK has experienced a period of sustained price increases reaching new highs daily from December 1st to December 16th, accompanied by increased volume. This strong upward trend was further supported by a bullish MACD reversal on December 13th, indicating strong buying pressure and momentum. However, this bullish momentum showed signs of weakening starting on December 10th with a MACD turning negative, this was followed by another negative MACD reading on December 22nd. The price increases appear to have terminated on December 16th. The consistent new price highs paired with consistently high volume suggest strong market interest and potentially, aggressive purchasing activity throughout early December. The reversal in the MACD indicator indicates a potential shift in momentum from positive to negative, signaling a possible loss of buying pressure and potential for a downturn in price. The pattern of multiple consecutive days of price increases, combined with the subsequent MACD reversals, suggests a high likelihood of a price correction or consolidation period. Further analysis is required to predict if the recent negative MACD readings are a sign of a short-term pullback or a more significant downward trend.
