Analysis of $USUAL /USDT Chart (1D Timeframe)
1. Price Movement:
The current price of 1.1346 USDT reflects a significant +34.93% gain.
The 24-hour high reached 1.2073 USDT, while the low was 0.6450 USDT.
This indicates strong volatility and buying momentum in the last 24 hours.
2. Technical Indicators:
Bollinger Bands (BOLL 20, 2):
The price is currently well above the upper Bollinger Band (UP: 1.0200).
This suggests the asset is overbought and may experience short-term correction or consolidation.
Relative Strength Index (RSI):
RSI is at 90.36, which is extremely overbought.
This is often a signal that the market might see a pullback soon.
MACD:
The DIF line at 0.2060 is rising, indicating strong bullish momentum.
MACD does not yet show divergence, so the uptrend is still intact.
3. Volume:
The trading volume is high (696.33M for USUAL, 666.76M for USDT), supporting the price rally.
Increasing volume confirms the strength of the trend.
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Prediction:
Short Term (1-2 Days):
Given the extreme overbought condition (RSI > 90), a minor pullback or sideways consolidation is likely.
Price could retrace to around 0.83-1.02 USDT (upper Bollinger Band region) before deciding the next direction.
Mid Term (1 Week):
If the bullish momentum continues with strong volume, a retest of the 1.20 level is possible.
However, failure to sustain above 1.13 could result in correction back to support at 0.82 USDT.
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Key Levels to Watch:
Resistance: 1.2073 (recent high), 1.2671 (next psychological target).
Support: 0.8289 (previous consolidation zone), 0.6450 (24-hour low).
Strategy:
For traders: Consider booking profits near resistance if momentum slows.
For investors: Monitor pullbacks to re-enter around key support levels.
I suggest you to get away from that cryptocerency because this is overbought
because normally wen we invest in the market the RSI should be 30 but now he increased thrice ..... and RSI is 90 now so suggest you get out of it otherwise you loose youer lot of money into it.....
follow me for more updates .....
