Utrust Bottom Confirmed & Easy 663% Bullish TargetWhat's really great about the Altcoins right now is that the bottom is already confirmed. In this chart it comes as a rounded bottom.
UTKUSDT is trading above long-term support, the August 2024 low. The bottom formed below this level, orange line on the chart, and now that the pair recovered all that is left is for the bulls to step in, hit the gas.
Trading volume is null, almost zero until March 2025. When the lowest prices ever becoming available, there is a massive influx of capital and trading volume goes up. Everybody loves bottom prices when the market is set to grow.
So the signals are the rounded bottom, the broken downtrend and a rise in volume —drop and recovery above long-term support.
The next move is already here and is part of a broader bullish cycle, the 2025 bull market. First, there will be a rise leading to a higher high, the 663% mapped on the chart. After a strong resistance level is hit, there can be a correction. This correction will end in a higher low followed by additional growth.
This additional growth will be the final portion of the bullish impulse, the bull run.
Easy buy and hold.
Patience is key. The market will grow.
The bullish signals are fully confirmed here. This means that probabilities are high for a new bullish wave. Let's say 99% chance that prices will rise and 1% chance that there will be a bear market next.
Namaste.
