$USUAL /USDT Technical Analysis: Binance
Current Price: $1.1922
24-Hour Change: +12.93%
24-Hour High: $1.2980
24-Hour Low: $0.9111
24-Hour Volume (USUAL): 722.14M
24-Hour Volume (USDT): 820.25M
Price Overview:
#BinanceAlphaAlert #USJoblessClaimsFall #GrayscaleSUITrust #FranklinCryptoETF #MarketPullback /USDT has experienced a significant price movement over the past 24 hours, marking a 12.93% gain. It reached a high of $1.2980 and a low of $0.9111, showing strong volatility.
Technical Indicators:
Moving Averages:
MA(7): $1.1894
MA(25): $1.1818
MA(99): $1.1891
The short-term (7-period) moving average is slightly above the 25-period, suggesting a positive momentum in the immediate term. However, the price is currently below the 99-period moving average, indicating that there may be some resistance at higher levels.
Price Action:
The price is currently trading at $1.1922, just below the short-term resistance level of $1.2188 and above the support level of $1.1799.
Immediate resistance is seen near $1.2188, which is the 1D high.
The next major support is around $1.1604, with a strong bounce likely near $1.1799.
Target Analysis:
Short-Term Target: $1.2188 – A key resistance level. A breakout above this level could lead to further bullish momentum.
Long-Term Target: $1.2980 – The 24-hour high and potential upper target if bullish momentum persists.
Volume & Market Sentiment:
Volume: The trading volume is healthy, with 722.14M USUAL traded in the last 24 hours, supporting the price movement.
Community Sentiment: Positive sentiment, as reflected by the 12.93% gain in 24 hours.
Conclusion:
$USUAL /USDT is showing strong bullish momentum in the short term, with resistance at $1.2188 and a potential for further gains toward $1.2980. However, traders should watch for potential pullbacks near the support levels of $1.1799 and $1.1604. The market's positive sentiment and strong volume suggest that the upward trend may continue, with a focus on breaking past the resistance at $1.2188.
