Will $USUAL Reach $1 Soon 🚀
Based on the current performance of the USUAL token, there is a possibility that it may reach $1. Here are some factors to consider:
1. Current Price Momentum: The token is trading at $0.8599 with a 24-hour gain of 28.30%, indicating strong upward momentum.
2. Trading Volume: The 24-hour volume of 145.27M USUAL suggests significant interest and activity, which could drive the price higher.
3. Resistance Level: The 24-hour high is $0.8977, showing that the token is approaching $1 but may face resistance near this level. Breaking this resistance could lead to a further rally.
4. Market Sentiment: If the positive sentiment and trading activity continue, $1 is a realistic short-term target.
5. Key Indicators: The RSI is at 50.91, suggesting neutral market conditions, neither overbought nor oversold. Monitoring this metric is crucial to determine if the token can sustain its rally.
Here’s the support and resistance analysis for the USUAL/USDT pair based on the chart provided:
Key Levels
1. Immediate Resistance:
$0.8977: The 24-hour high is a key resistance level. If the price breaks above this level with strong volume, it could pave the way for a rally toward $1.
2. Psychological Resistance:
$1.00: This is a major psychological level.
3. Immediate Support:
$0.8272: The 25-day moving average (MA25) aligns with this level, offering immediate support. A breakdown below this could signal a short-term correction.
4. Key Support:
$0.7401: This level coincides with recent lows and serves as a significant support zone. A fall below this could indicate weakening bullish momentum.
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