$USUAL /USDT – Price Reversal or Continued Downtrend? 🔻📉
Current Price: $1.1515 (-13.25%)
🔍 Market Overview
The $USUAL token has experienced a sharp decline of 13.25% in the last 24 hours, testing the lows near $1.14. The market is under pressure, with a significant drop from the recent high of $1.35. Volume remains high, indicating that this downtrend could continue unless key support holds.
📈 Chart Analysis
Support Levels: $1.14, $1.00
Resistance Levels: $1.35, $1.50
Price Action: After the sharp pullback from the highs, is nearing its crucial support at $1.14. A break below this level could lead to a further drop towards $1.00 or lower.
💡 Trade Setup
Bearish Scenario:
Entry Zone: Below $1.14
Target 1: $1.00
Target 2: $0.90
Stop-loss: $1.20
Bullish Scenario:
Entry Zone: Above $1.20
Target 1: $1.35
Target 2: $1.50
Stop-loss: $1.10
📊 Key Insights
High Volatility: The 142.98M $USUAL traded in the last 24 hours shows significant market interest, but the price is still under pressure.
Risk of Further Declines: If the price fails to recover above $1.20, there could be further downside potential toward $1.00 or lower.
⚡ Pro Tip
Watch for a reversal at $1.14 for a potential short-term bounce. If price moves below this level, adjust your positions accordingly and set a tight stop to manage risk.