$USUAL USUAL/USDT Rockets by 28% š: Is the Rally Set to Continue?
š Current Price: $1.3576 (+28.79%)
šŗ Resistance Levels: $1.4380 and $1.4600
š» Support Levels: $1.2977 and $1.1354
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Market Overview
USUAL (
$USUAL ) has delivered a stellar performance, surging by nearly 29% in the last 24 hours. After hitting an intraday high of $1.4380, the price has retraced slightly but remains well-supported, signaling strong buyer interest. The sharp increase in trading volume highlights heightened market activity.
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Key Technical Indicators
1ļøā£ Resistance and Support:
Immediate resistance lies at $1.4380; breaking this could push prices toward the psychological $1.50 level.
Support is strong at $1.2977, with another key level at $1.1354 for a potential pullback zone.
2ļøā£ Volume Analysis:
Trading volume is surging, confirming strong interest, but further momentum is required for a sustained breakout.
3ļøā£ RSI:
RSI is approaching overbought territory, indicating a potential short-term consolidation or minor pullback.
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Scenarios to Watch
Bullish Outlook:
If breaks above $1.4380, it could aim for $1.50 and beyond, solidifying its bullish trajectory.
Bearish Risks:
A failure to hold above $1.2977 could trigger a correction, with the next support level at $1.1354.
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Trading Strategy
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For Bulls:
Look for a confirmed breakout above $1.4380. Targets: $1.50ā$1.60.
Place stop-loss orders below $1.2977 to protect gains.
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For Bears:
Consider short positions if the price falls below $1.2977, targeting $1.1354 or lower.
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Final Thoughts
With a 28% rally,
$USUAL is clearly gaining momentum. However, traders should remain cautious as it nears key resistance levels. Monitor volume and RSI closely to anticipate the next move.
Will
$USUAL maintain its bullish momentum and break past $1.50? Stay tuned!
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