We will be conducting a macro analysis between the three competitors UTK, COTI, and REQ while analyzing their technical status and comparing all three together in the end.
UTK has been making strong and unique moves lately. It has broken out from a strong and steep falling wedge and confirmed the key-level support it was heading for. UTK has been struggling in the past, withholding a solid support line, yet right now, it seems to be regaining strength and the potential to become one of the leading and top-performing assets of this space.
Looking at technical indicators, such as the MKAST Algorithm, one can still see a sellcondition ongoing. This sell-condition is very weak, and the price is already moving above the MKAST LenLen ribbon, which will inevitably lead to the switch to a bullish condition. Furthermore, the MKAST Index is already steeply increasing and moving above its ALMA, which is inherently a bullish sign and supports the bullish narrative for UTK.
COTI has been moving in a relatively slow manner lately and is still trapped inside a relatively tight range. Such ranges, significantly below the previous key-area of support, can turn out as an accumulation phase followed by a strong push and pump above the resistance. Currently, the MKAST Algorithm is still showing a sell-condition, yet it is on the brink of changing into a buy-condition again. Such a bullish condition could finally give COTI the strength to break resistance.
The MKAST Index is rising slowly and moving above its ALMA, which is an inherently bullish sign. Nevertheless, the buy-volume inside the range is relatively low and not significant, which does not support the full blow bullish bias yet.
REQ has been moving slowly lately and is currently at the key-area of previous support and is now setting up a more significant HTF market structure. This HTF market structure is a potential double bottom. Such a double bottom is an inherently bullish structure and could be contributing to a strong breakout from the current levels.
Looking at the MKAST Algorithm, one can see a bearish condition going on and that it is on the brink of turning into a bullish state very soon. The MKAST Index is increasing enormously and has just broken the ALMA, which is an inherently bullish sign and gives more weight to the overall market structure.
UTK has the highest chance of a strong pump and continuation, especially after breaking the falling wedge. Following it is REQ, which has a bullish structure of a double bottom and a substantial increase of the index, which could quickly be leading towards a strong breakout and pump soon. Nevertheless, it has not seen a breakout yet and has to start moving. Finally, COTI is following tightly behind REQ and has the chance of breaking out of the range, which is trapped inside currently. As soon as it breaks out of the range, it will be a strong mover, yet it is still not there right now.
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