Yudong Analysis December 27, 2024 Regarding USUAL
The current price of USUAL/USDT is 1.1597. Looking at the recent 1-hour chart, the overall trend is weak, with a decline of about 12% over the past day, and short-term performance is not ideal. From the moving averages, the short-term MA7 is around 1.25, and the price has already fallen below it, indicating significant short-term pressure; while MA25 and MA99 are both around 1.27, further indicating clear resistance above. The MACD momentum bars continue to weaken, suggesting further fluctuations downward in the short term, while the RSI is currently only 36, close to the oversold area, indicating a potential rebound demand in the short term.
The daily chart also shows a weak trend, with the current price below MA7 (1.22), and the medium-term support level MA25 around 0.85. If it continues to decline, this support may become a point of focus. The RSI is around 50, but the downward trend is evident, indicating weak market confidence. Recent trading volume has increased, showing active market trading, but is likely dominated by selling pressure.
In terms of operational advice, short-term buying can be considered in the 1.10-1.12 range, with a stop-loss set below 1.05 to prevent further declines; in the medium term, attention should be paid to whether the price can stabilize above 1.20, otherwise there is a possibility of a drop to the 0.85-0.90 range. Overall, the current trend is not optimistic, and it is recommended to operate with a light position and patiently wait for better layout opportunities.
