#MarketRebound
The 1-day chart for $USUAL shows strong bullish momentum, with the token hitting a recent high of $1,635. Here are the key takeaways:
Price Action: USUAL surged higher, breaking through a key resistance level and trading at $1.4378 at its last close.
Moving Averages (MA):
The 7-day moving average is at $0.9899, indicating strong short-term bullish momentum.
The 25-day moving average is at $0.6049, reflecting a significant gap and suggesting that the rally may be overextended in the short term.
Volume: The maximum volume was 290.914 million, indicating a significant increase in trading activity and market interest.
Relative Strength Index (RSI): The RSI is at 89.21, entering overbought territory, which could indicate a potential pullback or consolidation in the near term.