Unlocking the Secrets of $USUAL: Price Trends and Token Supply Explained
As I continue to monitor the market, I've been keeping a close eye on $USUAL. In this 14th post, I'll dive into the current bearish phase and address the ongoing questions about its total supply.
Market Trend Analysis
$USUAL's price has taken a hit, plummeting 10.44% to $1.1543, down from its all-time high of $1.6356 on December 20, 2024. The price is hovering around the 25-day Moving Average, which is currently acting as a support level. The RSI is at 50.2, indicating a neutral zone - not oversold, but not yet bullish either.
When Can We Expect a Bullish Reversal?
Based on my research, I predict that $USUAL could stabilize and start recovering within 1-2 weeks, assuming no negative surprises. Increased volume and buyer interest are crucial for driving a reversal.
Demystifying $USUAL's Total Supply
Now, let's address the supply concerns that have been circulating in the community:
1. Many believe the total supply is 495 million, with 495 million tokens released every 4 months for 4 years. However, the current total supply is already 501.75 million after just 1 month of listing.
2. So, what's behind this discrepancy? My take is that this could be due to bonus token distributions, liquidity provisions, or other pre-launch tokenomics strategies. The big picture remains unchanged - the max supply is still 4 billion tokens.
Final Thoughts
$USUAL's journey has been wild, and I remain optimistic about its future. The bearish phase might take another 1-2 weeks to shake off, but I believe it has the potential to recover. For the supply concerns, I encourage everyone to rely on official announcements for the most accurate information.
What are your thoughts? This is a learning journey for all of us.
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