The post $USUAL Price Prediction for December 28 appeared first on Coinpedia Fintech News
USUAL is showing a significant positive movement, up by +3.89%, currently trading at $1.1720. Despite being in the lower ranks, the recent surge in price indicates a bullish trend. The market is showing strong momentum, and the price is approaching key resistance levels.
Bullish Momentum in Play
USUAL has been experiencing steady growth, and the overall trend appears to remain bullish. With a market cap of $570.58M and a fully diluted market cap of $4.73B, USUAL is gaining traction. If this upward movement continues, it may look to challenge its all-time high of $1.6356 reached on December 20, 2024.
Holding Above Critical Levels
The price is holding above key support levels, which is a positive sign for future growth. Maintaining this level is crucial for USUAL to continue the bullish momentum. If it sustains above the $1.15 support, the market outlook stays favorable for potential further gains.
Short-Term Market Behavior: Consolidation and Breakout Potential
In the short term, USUAL is showing signs of consolidation, a typical precursor to a breakout. While the market is experiencing some sideways movement, a break above the $1.20 resistance could trigger an upward rally. Alternatively, any drop below the $1.10 support might signal a temporary pullback.
Key Levels for Risk Management
For traders, it’s vital to keep an eye on key support and resistance levels. The $1.10 support level is important for maintaining the bullish trend, while the next key resistance is around $1.20. A breakout above this level could lead to a continuation of the uptrend, while a dip below $1.10 may result in a deeper pullback.
As long as the price remains above the critical support, consolidation is likely to continue, but a breakdown below $1.10 could trigger a deeper correction with the next support zones around $0.90 to $0.75.
