- 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
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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.