USUAL/USDT is currently at 0.8003 USDT, still maintaining a strong increase of +31.85% in 24 hours, but selling volume has increased significantly. This is an important signal. Below is additional analysis and updates:
Price update:
1. EMA (7, 25, 99):
• EMA(7): 0.7385
• EMA(25): 0.6140
• EMA(99): 0.4302
• The price is still above all EMA lines, indicating that the uptrend remains strong. However, the price is gradually moving away from EMA(7), indicating a higher likelihood of short-term correction.
2. RSI (6, 12, 24):
• RSI(6): 76.89
• RSI(12): 75.15
• RSI(24): 73.08
• RSI is still in the overbought zone, indicating that selling pressure may increase in the near future.
3. Trading volume:
• 24-hour trading volume remains high (156.14 million USUAL), but the sell-off rate is currently significantly higher than the buying rate. This may be a sign of profit-taking by investors.
Short-term prediction scenario:
1. If the price continues to rise:
• The price may test the nearest resistance level at 0.8279 USDT (24-hour peak).
• If it breaks through, the next target is the range of 0.85-0.90 USDT.
2. If the price corrects:
• The nearest support zone is 0.74-0.75 USDT (coinciding with EMA(7)).
• If the price drops further, the next strong support area is 0.65-0.66 USDT.
Guidance for investors:
1. Short term:
• Investors who are in profit may consider taking partial profits due to overbought signals and increasing selling pressure.
• Closely monitor support levels (0.74 and 0.65 USDT) to make reinvestment decisions if prices correct.
2. Long term:
• If you believe in the fundamental potential of USUAL, you may hold a portion of your position and wait for pullback phases to buy more.
3. Risk management:
• Set stop-loss below important support areas (e.g., 0.72 or 0.64 USDT).
• Avoid chasing prices at too high levels to minimize risks when prices correct.
Strong price growth: In the past week, the price of the token has significantly increased, achieving a growth of over 135% in 7 days. This may reflect market confidence in the project as well as new opportunities it brings.
With these positive signals, investors should closely monitor price movements and the project's upcoming development plans, while considering the risks of investing when prices are at high levels. If you need more detailed information, you can check the project's official channels or Binance.