Analysis for $USUAL
It is in a consolidation range: The price seems to be oscillating within a defined range between 1.05 and 1.10. This consolidation could be a pause before a larger movement.
- Key support zone: 1.05 acts as immediate support, being a crucial level to avoid deeper declines.
- Important resistances: 1.10 and 1.15 represent nearby resistances, where the price could face difficulties in the event of an upward movement.
- The MACD shows a recent bullish crossover, indicating a possible trend change to the upside. If the MACD continues to advance, it could support a recovery towards higher levels.
Possible scenarios
- Bullish scenario: If the price breaks above 1.10 with volume, it could attempt to reach higher levels like 1.15 and 1.20. A close above 1.20 would confirm a stronger bullish trend.
- Bearish scenario: If the price loses the support of 1.05, it could seek lower levels close to 1.00 and even 0.95. This would indicate additional selling pressure and weakness.