$USUAL 🚀🚀🚀🚀🚀🚀🚀🚀 Looking at the current technical indicators on the chart, there are several signs that suggest USUAL/USDT might be positioned for a potential upward movement:
1. RSI (Relative Strength Index):
• The RSI (6) is at 49.4, indicating neutral conditions. This means the token is neither overbought nor oversold in the short term, leaving room for a potential rally.
• The RSI (12) and RSI (24), at 46.2 and 45.6, are slightly below the midpoint, signaling consolidation. This often precedes a reversal, suggesting the token could build bullish momentum soon.
2. MACD (Moving Average Convergence Divergence):
• The MACD line has crossed above the signal line slightly (0.0032), which is an early bullish signal. This crossover indicates that bearish momentum is weakening, and buyers might start gaining control.
• The histogram is showing smaller bars close to the zero line, signaling reduced selling pressure and a possible transition to bullish momentum.
3. Price Action and Bollinger Bands:
• The price is currently near the midline of the Bollinger Bands, with the upper band at 1.17. This gives a clear short-term target for the token. Breaking above this midline could result in the price testing the upper band resistance.
• Recent price action shows a bounce from the 24-hour low of $0.94, which could act as a strong support level. If the price holds above this level, it may attract more buyers.
4. Volume Profile:
• The trading volume remains significant, with 24-hour USUAL volume at 369.45M USDT. This shows that market participants are actively trading the token, which is a positive sign for potential upward movement if buyer demand increases.
Key Takeaway:
• USUAL is showing early signs of a potential recovery after consolidating near support levels. With the RSI in neutral territory, MACD indicating a bullish crossover, and strong support at $0.94, the token has room to move higher.
• If the token breaks above the $1.08 resistance, it could test $1.16 and potentially reach $1.21, the 24-hour high.
