$USUAL /USDT Technical Analysis
The
$USUAL /USDT pair is currently trading at $1.2507, down 0.83% in the last 30 minutes. The 24-hour trading volume is 426.02 million USDT.
Technical Analysis:
* Short-term Trend: The price has been in a downtrend in the short term, as indicated by the lower highs and lower lows on the chart.
* Support and Resistance: The current price is close to the 24-hour low of $1.2464, which could act as support. The 24-hour high of $1.4380 is the immediate resistance level.
* Moving Averages: The 50-day and 200-day moving averages are currently below the price, indicating a bearish trend.
Trading Targets:
* Target 1: $1.2464 - This is the 24-hour low and a potential support level. If the price breaks below this level, it could signal further downside.
* Target 2: $1.3000 - This is the next major resistance level above the current price. A break above this level could signal a bullish reversal.
* Target 3: $1.4380 - This is the 24-hour high and the current resistance level. A break above this level could signal a strong bullish move.
Disclaimer: This is not financial advice and should not be taken as such. Please do your own research before making any trading decisions.
Additional Considerations:
* Fundamental Analysis: It's important to consider the fundamentals of the USUAL project, such as its technology, team, and market adoption, when making investment decisions.
* Risk Management: Always use stop-loss orders to limit your potential losses.
Remember: The cryptocurrency market is highly volatile, and prices can fluctuate significantly in a short period.
Please note: This analysis is based on the information provided in the image and may not be accurate or up-to-date.
If you want to discuss specific trading strategies or get more in-depth analysis, please consider consulting with a qualified financial advisor.
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