Technical Analysis & Trade Signal for USUAL/USDT
Current Price: $0.3579
Price Change (24h): +17.92%
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Key Technical Indicators:
1. Support/Resistance Levels:
Support: $0.3030 (24h Low)
Resistance: $0.3710 (24h High)
2. SAR (Stop and Reverse): 0.3660 (acts as dynamic support/resistance)
3. Price Momentum: Positive momentum as seen from the +17.92% increase over the last 24 hours and relatively high trading volume (73.07M USUAL).
4. Volume: Strong market activity with 73.07M USUAL traded in the last 24 hours, indicating a strong buying interest.
Trade Signal:
Current Trend: Bullish (due to the recent 24h rise and positive momentum)
Risk: High due to price volatility, but the momentum supports further upside potential.
Target Levels 🎯:
1. Target 1 (Near-term Resistance): $0.3743 (Price might test this level in the short term)
2. Target 2 (Mid-term Resistance): $0.3710 (Key 24h High - potential breakout level)
3. Target 3 (Long-term Resistance): $0.4000 (Psychological level and potential extension)
Momentum Analysis:
Bullish: Strong buying momentum is evident. If price holds above $0.3579, expect a potential test of $0.3743 or higher.
Bearish Reversal Signal: A drop below $0.3030 could signal a trend reversal.