Technical Analysis for $USUAL /USDT:
Current Price: $1.3785
Trend: Bullish (+7.28% in 24 hours)
Support Level: $1.2248 (24h Low)
Resistance Level: $1.4471 (24h High)
Key Indicators:
Moving Average (MA): The price is above the short-term moving average, signaling bullish momentum.
RSI: The Relative Strength Index (RSI) is above 50, suggesting positive market sentiment and upward momentum.
Volume: Higher trading volume (230.06M USUAL and 315.18M USDT) supports the current uptrend.
Trade Signal:
Buy Signal: Current price of $1.3785, supported by bullish momentum.
Momentum: The price is trending upwards, and buy signals are supported by increasing volume and positive price action.
Target Levels:
1. First Target (T1): $1.40 – Near-term resistance, possible minor pullback.
2. Second Target (T2): $1.45 – Psychological resistance and close to the 24h high.
3. Third Target (T3): $1.50 – A further target in line with upward momentum.
Trade Momentum:
Strong Bullish Momentum: The current market sentiment is bullish, with a clear uptrend backed by solid volume and positive technical indicators.
Risk Management: Consider setting a stop-loss near $1.35 to manage downside risk if the trend reverses.
This technical outlook suggests potential upward movement toward the target levels, but be mindful of market volatility and use proper risk management.
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