$USUAL Explanatory Note: Trend Analysis of the USUAL/USDT Token
The USUAL/USDT, which recently debuted on the spot market, showed great volatility with a significant movement shortly after its launch. The strong initial demand boosted the price, but profit-taking by investors who opted for quick sales generated a slight correction.
Points to Observe:
1. High Buying Demand: Trading volume is still robust, with a highlight on buy orders above 62%, which reflects continued interest in the asset.
2. Accumulated Volume: The total volume traded in the last 24 hours exceeds $280 million, indicating that liquidity remains strong and the market is active.
3. Technical Support: The price found support near $0.73 - $0.75 and demonstrated a quick recovery, signaling a possible stabilization at this level.
4. Short-Term Resistance: The closest resistance is at $0.98 - $1.20, levels that, if broken with high volume, could pave the way for new highs.
5. Moving Average: The MA(5) and MA(10) are converging upwards, a positive indication that the uptrend may continue in the short term.
Trend Projection for Today:
If buying volume remains high and investors continue to accumulate the asset, there is a high probability that the price of USUAL/USDT will return to the $0.95 - $1.00 range or higher later today. However, fluctuations are expected due to traders looking to take quick profits.
Conclusion:
The market is showing resilience and interest in USUAL, which may support a gradual recovery throughout the day. It is recommended to pay attention to the behavior of volume and resistance at $1.00. The trend remains bullish, as long as demand remains stable.
— Remember: Always practice proper risk management and watch opportunities with caution.
Posted By [The Creator US]
