$USUAL /USDT has been making waves in the crypto market, surging over 287% in the past 30 days. However, after peaking at $1.22 within the last 24 hours, the price has pulled back to $1.06, marking a 9.29% decline for the day. The question on every trader’s mind: Is now the right time to buy?
Analyzing the Chart
USUAL’s meteoric rise from $0.0125 to over $1 reflects extraordinary bullish momentum, but the chart shows signs of an overextended rally. Volume has surged, indicating strong participation, yet sharp pullbacks like the current one often occur when traders start taking profits.
Short-Term Prediction
Bullish Scenario: If USUAL can consolidate above $1.00 and reclaim $1.22 with strong volume, it could retest recent highs and aim for new resistance levels, potentially around $1.50.
Bearish Scenario: A failure to hold above $1.00 may result in further corrections toward the $0.80-$0.90 support zone.
Should You Buy Now?
Buying USUAL at current levels carries significant risk, as the asset has already experienced a massive rally. Chasing such a steep move could lead to losses if the price corrects further. A safer strategy might be to wait for a retracement to key support levels or confirmation of a new breakout above $1.22.
Conclusion
While USUAL’s recent performance is impressive, caution is warranted. Traders should practice responsible risk management and avoid FOMO (Fear of Missing Out). As always, DYOR (Do Your Own Research) and monitor market conditions closely.
