Technical analysis by PhoenixBlue about Symbol UTK: Buy recommendation (1/3/2025)

If X Money is in any way related to XMoney, then this is going straight to $1+ xMoneyGreg has recently taken over, and X (twitter) has decided to rebrand its payments from x Payments to X Money. All this when xMoney is looking to raise a round and they have EU compliance through for both FIAT and Crypto. For Crypto, they have a Virtual Asset Service Provider licensing approved by the Central Bank of portugal (bportugal.pt/en/page/registration-virtual-assets-service-providers) For Fiat, they are an e-money institution licensed by the National Bank of Romania via their acquisition of TwisPay (twispay.com/en/about/) (multiversx.com/blog/romanian-central-bank-approves-twispay-acquisition) Now, XMoney.com is the home of the UTK token, which is on the MultiversX (EGLD) Blockchain. This is quite compelling, both from a Technical point of view and from a fundamental perspective.From a technical perspective we see a huge bull flag accumulation on massive volume. Why the sudden purchase by so many? This pull back presents an excellent R-R entry point. Connecting the dots from a fundamental perspective is an exercise for the reader. I may be very bullish on UTK, but remember to DYOR on speculation. Where there is smoke, there fire