Looking at the 1-day candlestick chart for $USUAL, I noticed a clear parabolic rise that peaked at $1.6521, followed by a sharp correction. What stands out to me is the formation of a Bullish Hammer near the $1.00 support level, which suggests strong buying interest in this zone. The recent candles also show an inside bar pattern, indicating market indecision but with potential for a breakout soon.
From my perspective, the $1.00 level is a key psychological and technical support. If this holds, it could pave the way for a bullish continuation. On the upside, the $1.2160 resistance is crucial to watch, as breaking above it might lead to a re-test of the $1.30-$1.65 zone.
I also looked at the indicators to confirm my observations:
The MA(7) is slightly above the price, showing short-term selling pressure, but the price remains well above the MA(25) at $0.6959, which signals a strong overall trend.
The MACD shows signs of a potential bullish crossover, as the histogram is flattening and the DIF is still above the DEA.
The RSI is neutral at 52.83, giving plenty of room for the price to move higher without entering overbought territory.
In my view, the recent pullback aligns with a potential flag pattern, which typically indicates a pause before the trend continues. If volume increases and the $1.2160 resistance is broken, I believe we could see the price move toward $1.30 and possibly retest the all-time high of $1.65.
That said, if the $1.00 support fails, I would expect a deeper retracement toward $0.85-$0.90, where the next strong support lies. For now, I’m watching closely to see if buyers regain control and drive the price higher.
This is just my personal analysis and interpretation of the chart. Always do your own research and trade with caution!
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