#MarketRebound #MarketRebound
The 1-day chart of $USUAL shows a strong upward momentum, with the token reaching a recent high of $1.635. Below are the key conclusions:
Price Action: USUAL rose higher, surpassing important resistance levels to trade at $1.4378 at the last close.
Moving Averages (MA):
The 7-day moving average is at $0.9899, indicating strong momentum in the short term.
The 25-day moving average is at $0.6049, reflecting a significant gap and suggesting that the bullish trend could continue in the short term.
Volume: The maximum volume is 290.914 million, indicating increased trading activity and significant market interest.
Relative Strength Index (RSI): The RSI is at 89.21, entering the overbought territory, which could indicate the possibility of a pullback or consolidation in the near future.