United Bitcoin Technical Analysis: Price Mark $0.04199

Key Technical Points

UBTC Past Performance

UBTC has shown promising performance in the past, and it seems like the trend is likely to continue in the future as well. The coin has been on a tear lately, and it doesn't seem to be slowing down anytime soon. In the past 3 months, from March to May the coins seem to be stagnating a bit in terms of price. In the last 24 hrs, the coin has traded as low as $0.02953 and as high as $0.04222. The total volume traded in the last 24 hrs was $289,941.56 and a market capitalization of $886,541.19.

Source: Trading View

United Bitcoin Technical Analysis

United Bitcoin is currently trading at Which is a 36.50% price upsurge in the last 24 hours. The market capitalization is $889,264,291 and the circulating supply is 21,000,000 UBTC. The technical chart reveals that the coin is facing stiff resistance at $0.045 and $0.047 levels and any rise above these levels will take the prices towards $0.050 level. The support levels are at $0.040 and $0.038 levels. The MACD indicator is in the bullish zone and the RSI is above 52, which indicates that the prices may rise further in the near term.

The Bollinger bands are squeezed which is a sign that the prices are likely to break out in either direction. Out of the 26 technical indicators, 6 indicators are giving Sell signals, 10 are giving Buy signals, and 10are indicate Neutral signals. The oscillators are mostly in the overbought region, which indicates that the prices may correct lower in the near term. From the above United Bitcoin technical analysis, it can be concluded that UBTC is a good investment option at the current prices and may give good returns in the future.

UBTC Price Forecast

The price of UBTC is expected to rise in the near future as the technical indicators are supportive of the bulls. The coin might touch the $0.050 level in the next few days. Therefore, investors can go long on the coin with a stop loss below the $0.040 level.