$USUAL Technical and Fundamental Analysis with Key Support and Resistance Levels


Technical Analysis
1) Trend AnalysisThe chart indicates a bullish rally followed by a correction. The price reached a recent high of approximately $1.37 before pulling back to the current level of $1.0384.
The Fibonacci retracement levels suggest potential support and resistance zones, with price currently testing the 0.618 level near $0.9180.2) IndicatorsThe 50-day Moving Average (red line) is trending upwards, supporting the bullish momentum.
The 200-day Moving Average (blue line) remains below the current price, acting as long-term support.
The recent candlestick patterns suggest indecision, indicating potential consolidation or further correction.

3)Fibonacci Retracement Levels0.786 ($1.1157): Strong resistance.
0.618 ($0.9180): Current support, crucial for maintaining bullish momentum.
0.5 ($0.7791): Next key support if the price breaks below $0.9180.
0.382 ($0.6403) and 0.236 ($0.4685): Deeper retracement levels, indicating strong buying zones if the market weakens further.

Fundamental Analysis
1) Market Sentiment If the token's recent rally was driven by strong market news or partnerships, this correction might be short-lived.
A lack of significant fundamental updates could lead to extended consolidation or further price drops.2) Volume and Liquidity Monitor trading volume. High volume near the current price could indicate strong accumulation, while low volume might suggest weak market interest.3) Token Utility Evaluate the utility of the token and its adoption. Projects with real-world use cases generally maintain stronger support levels during corrections.

Support and Resistance Levels
Resistance1) $1.1157: Fibonacci 0.786 level; strong short-term resistance.
2) $1.37: Recent swing high, representing significant resistance for further bullish continuation.

Support1) $0.9180: Fibonacci 0.618 level; crucial for holding the bullish trend.
2) $0.7791: Fibonacci 0.5 level; next strong support zone.
3) $0.6403 and $0.4685: Key support levels for deeper corrections.

Conclusion Monitor the $0.9180 level closely. A bounce from this support could trigger a retest of $1.1157 or higher. Conversely, a break below $0.9180 could lead to a test of the $0.7791 or $0.6403 levels.
$USUAL #BTCNextMove #USUALAnalysis