Today, the newly launched cryptocurrency Usual on Binance made a stunning debut, with a first-day performance described as amazing. The opening price was only $0.0125, but soon the price soared to $0.4780, with an increase that reached nearly 40 times. Although it later fell back to $0.3093, this wave of volatility is enough to attract widespread market attention. So, can Usual continue to rise and break through the $10 barrier? We will analyze its future potential from multiple dimensions.
### 1. Usual's First Day Market Performance
Usual's trading trend on its first day is simply a classic script of the cryptocurrency market—initially low opening attracted a lot of speculative funds, followed by a strong surge that allowed many investors to quickly gain substantial returns. The current price of $0.3093 is still several times higher than the opening price, but the volatility of market sentiment is significant.
Such huge volatility indicates that Usual has not only gained widespread attention from the market but also shows its potential and risks for the future. The strong performance of new coins after their launch is often a typical case of a short-term surge, but whether it can maintain its upward trend, especially breaking through the key position of $10, still needs to be determined by multiple factors.
### 2. Market Sentiment and Potential Support
New coin launches typically come with significant market enthusiasm, and Usual's success has attracted a lot of investor attention, especially against the backdrop of high activity in the current cryptocurrency market. Compared to traditional stock markets, the liquidity and speculative nature of the cryptocurrency market are stronger, so significant price fluctuations in the short term are not uncommon.
However, the sustainability of this enthusiasm is worth considering. If Usual can maintain high market sentiment and attract more capital inflows, it is indeed possible to continue to challenge new highs. But if market sentiment shifts or there is a large-scale sell-off, the price may quickly pull back.
### 3. Technical Analysis: Resistance and Support Levels
Through the technical analysis of Usual's price trend, several key points can be identified. The current support level is around $0.25; if this position remains stable, it is expected to provide support and prompt the price to rebound again. The main resistance level above is near $0.4780; breaking this point may lead Usual to further upward momentum.
From a technical perspective, to break through $10, Usual needs to go through several key steps: first is to break through the resistance level of $0.4780, then form a new support structure, which can lay the groundwork for subsequent increases. After breaking through $0.4780, investors need to closely monitor the changes in psychological barriers and market sentiment.
### 4. Short-term and Long-term Strategy Analysis
For short-term investors, Usual provides rich opportunities for short-term operations. You can use its price fluctuations for short-term T+0 operations, pursuing quick profits. Long-term investors, however, need to be more cautious, considering the overall market trend and Usual's fundamentals.
If Usual can maintain a high level of market enthusiasm in the coming time and more market application scenarios emerge, it may break through the $10 mark. However, without clear positive news or development trends to support it, purely relying on market sentiment for speculation is unlikely to sustain its price at $10 for a long time.
### 5. Competitive Landscape and Future Outlook
The market potential of Usual is also affected by other competing cryptocurrencies. With the continuous development of emerging technologies such as DeFi, NFT, and Layer 2, whether Usual can stand out as a new coin will depend on its ability to capture market pain points and provide real innovation and value. If Usual can demonstrate unique advantages in practical applications, its prospects will undoubtedly be brighter.
6. The Possibility of Hitting $10
Usual's strong performance on its first day on Binance undoubtedly brings hope for its future, but whether it can break through the $10 barrier still holds many uncertainties. From the current market sentiment, technical analysis, and overall trend, although Usual has strong upside potential, investors need to remain cautious to reach $10. Short-term price volatility is significant, so rational judgment and timely actions are particularly crucial.
For those who already hold Usual, it is advisable to pay attention to key support and resistance levels and adjust positions at any time to cope with market changes. For new investors about to enter, it may be possible to try to grasp the fluctuations in the short term, but long-term investors still need to comprehensively consider its fundamentals and the future trends of the market.
Do you think Usual can break through $10? Feel free to share your views and investment strategies in the comments section.