The Usual price soared 38% in the last 24 hours to trade at $1.25 as of 02:09 p.m. EST on trading volume that skyrocketed 509% to $1.7 billion.
The USUAL price surge comes after its listing on Binance, the world’s biggest crypto exchange.
Usual Price On A Bullish Trend Reversal
The Usual price, after launch, went on through a sustained bullish trend to the $1.29 resistance zone. USUAL then went on through a retrace back to the $0.94 support before soaring back to the resistance zone, forming a rounding bottom pattern, according to data from GeckoTerminal.
The Usual price trades well above the 50-day Simple Moving Average (SMA) ($1.1127), confirming short-term bullish momentum.
Meanwhile, the Relative Strength Index (RSI) is at 67.32, nearing overbought conditions (70+). This indicates strong bullish momentum but suggests a potential short-term pullback or consolidation as buyers may lose steam temporarily.
If the Usual price sustains its bullish trend reversal, the asset could soar even higher, as the bulls aim for the next resistance level to $1.60.
USUALUSD Chart Analysis Source: GeckoTerminal
If the price fails to sustain above $1.25 and falls below the 50-day SMA ($1.1127), a correction toward $1.00 may occur, invalidating the bullish pattern in the short term.
Meanwhile, ClayBro, a prominent crypto analyst with over 131K subscribers, says the recently launched Catslap (SLAP) could be the next 50x meme coin.
Is Catslap The Next Crypto To Explode?
Catslap is challenging existing cat-themed market leaders like POPCAT and MOG and it comes with an innovative Slap-2-Earn mechanism that offers $100k in rewards.
The project’s viral slapping game has already recorded a massive 1.15 billion slaps on its Slapometer globally. The popularity of the game has boosted community engagement and there are now 20,617 individuals holding SLAP tokens.
Its “Hot Token” status on Best Wallet, a fast-growing crypto wallet, connects it to over 60,000 users, boosting visibility and momentum.
Token holders can also earn passively via the project’s staking mechanism, which offers a 40% annual percentage yield (APY).
We be cooking. Staking now live, all website buys will be staked for 7 days at 40% APY. Early unlock by burning 🔥🔥 pic.twitter.com/ZIUK9pd3sZ
— Catslap (@CatSlapToken) November 21, 2024
The token surged after its listing on MEXC on December 6, and its developer is now teasing another major announcement in about 2 hours. That’s rumored to be another CEX listing, with some speculating it could be Coinbase or Binance.
Buy SLAP Token from its official website.
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