Utrust Technical Analysis: UTK/USD jumps 20% after the announcement of Travala integrating the digital asset as a payment solution
|- Utrust will add AVA as a payment method and over 4 million online stores will be able to accept it via Utrust.
- UTK/USD is close to hitting a new two-year high above $0.10.
Utrust is clearly in a massive bull rally holding a strong daily uptrend. UTK/USD was in a period of consolidation, however, the recent announcement about Travala using Utrust to be accepted in over 4 million stores bumped the value of UTK.
Over 4 Million Online Stores Able to Accept $AVA Payments via @Utrust
— Travala.com ✈️ (@travalacom) July 30, 2020
#Travala will integrate Utrust’s payment solution and #Utrust will add #AVA as a payment method available on leading platforms such as Magento, WordPress or Phone Househttps://t.co/d1px3BVXcG
Over 4 Million Online Stores Able to Accept $AVA Payments via @Utrust
— Travala.com ✈️ (@travalacom) July 30, 2020
#Travala will integrate Utrust’s payment solution and #Utrust will add #AVA as a payment method available on leading platforms such as Magento, WordPress or Phone Househttps://t.co/d1px3BVXcG
UTK/USD daily chart
The most important resistance level is located at $0.097, which is the high established on July 24. If UTK can climb above this level, $0.1 will be the next psychological resistance point. Back in June 2019, UTK hit $0.0994 before getting heavily rejected and dropping below $0.01.
So far, bulls have been able to defend the daily 26-EMA, currently established at $0.069. UTK price is now at $0.0941 and the RSI is on the verge of being overbought.
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