Not in the near future due to the release of detainees

"$USUAL coin under pressure: Will the price rebound after the sharp decline or will the decline continue?


Trend breakdown

Long-term trend: A sharp decline appears after the currency reached the top of 1.6521, which is an indication of the beginning of a correction or a change in trend.

Short-term trend: The current decline is still ongoing without clear signs of a rebound so far.

Momentum indicators

1. RSI (Relative Strength Index):

At 21.42, this means that the currency is in a very oversold zone.

Usually in these areas, there is a possibility of a technical rebound soon, but it depends on the size of the new demand.

2. Moving averages:

The fast exponential average (7 days) is below the slow exponential average (25 days).

This is a confirmation of the continuation of the decline.

Any breakout above the EMA(25) may be a signal of a trend change.

Volumes:

A large increase in trading volumes indicates pressure Large sell-off or exit of investors from the market.

As the price declines, this could be an indication of liquidation of short positions or exhaustion of bearish momentum.

Possible scenarios:

1. Positive scenario (bounce):
If the price rises above 0.8307 (first resistance), this could be a sign of a bounce towards higher levels, such as 1.0 or 1.2.

2. Negative scenario (continuation of the decline):
If the support at 0.6706 is broken and the selling momentum continues, the price could target lower levels such as 0.5345.

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