#MarketRebound #MarketRebound
The daily chart of $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 out of key resistance levels to trade at $ 1.4378 at the latest close.
Moving Averages (MA):
The 7-day MA is at $0.9899, indicating strong bullish momentum in the short term.
The 25-day MA is at $0.6049, reflecting a significant gap and suggesting that the rally may be too long in the short term.
Volume: The maximum volume was 290.914 million, indicating increased trading activity and significant 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.