UTK Xmoney: Bullish Reversal in Sight?

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.