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📉 $USUAL /USDT Technical Analysis – Bearish Trend in Play!

Current Price: $1.0678 (-6.28%)

24h High: $1.2111

24h Low: $1.0303

24h Volume: 159.65M USUAL ($175.49M USDT)

Price Action:
$USUAL /USDT is currently down 6.28%, trading at $1.0678 after peaking at $1.2111. The price has sharply retreated toward the lower end of its range, showing clear signs of a bearish correction.

Support Levels:

Primary Support: $1.0303 – This is the 24-hour low and could serve as a critical support level. A bounce here may indicate a potential reversal.

Secondary Support: $0.9400 – A further decline could test this secondary level, potentially signaling continued bearish momentum.

Resistance Levels:

Immediate Resistance: $1.1655 – The recent peak could act as a short-term resistance level. A push above this could indicate a potential reversal to bullish momentum.

Upper Resistance: $1.2111 – The highest point in the past 24 hours, serving as a major resistance zone.

Indicators:

Volume: The trading volume has remained substantial, with 159.65M USUAL traded, indicating significant market movement. The volume suggests ongoing market activity, though the current trend remains bearish.

Momentum: The downward price action indicates a sustained bearish trend, but there could be a potential reversal near support zones.

Outlook:
The USUAL/USDT pair is experiencing a retracement, currently testing the lower end of its recent range. Pay attention to the support at $1.0303 for potential reversal opportunities, but if the downward trend continues, the price may test further lows.

🚨 Monitor support and resistance levels closely for potential breakout or breakdown points in the market!

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