#USUAL持续飙升
USUAL tokens buck the trend and rise 33% in crypto pullback!
In the overall crypto pullback caused by whales selling heavily, the total amount of leveraged liquidations reached about $1 billion. However, USUAL tokens have become a highlight, soaring 33% in the past 24 hours, and the price is about $1.46 in early European trading on Friday. The newly launched altcoin has attracted the attention of many retail investors after listing on major cryptocurrency exchanges such as Binance.
According to the latest market data, USUAL tokens have a volume-to-market cap ratio of 222%, and a fully diluted valuation of about $6.3 billion. It has extremely strong liquidity and has attracted more than $1.2 billion in total locked value through the USDO stablecoin.
Why is the Usual Protocol so popular?
The Usual Protocol debuted as a secure and decentralized fiat stablecoin issuer, redistributing ownership and governance rights through the USUAL token. This innovative move makes it stand out in the stablecoin field.
What's next?
Although this mid-cap altcoin has been rising steadily in the past few weeks, a pullback may be expected in the short term. Since the circulation of USUAL tokens accounts for only 12.37%, airdrop holders may seek to take profits, which will bring more selling pressure to the altcoin.
From a technical analysis perspective, USUAL prices have formed an ascending wedge, and the daily relative strength index hovers in the overbought area. Amid the intensification of retail enthusiasm for USUAL tokens, a potential pullback could push the altcoin to support levels of about 65 cents.
The market has experienced a plunge. Next, I will prepare some coins suitable for bottom-fishing as a return plan. If you are confused and helpless, follow me! Choice is greater than effort.
