Technical Analysis: $USUAL

/USDT on Binance

The market shows USUAL/USDT experiencing a notable 16% drop in 24 hours, currently trading at $0.8263. Here's what traders should focus on:

Key Levels:

Resistance: $0.9500 and $1.0000

Support: $0.8251 and $0.8500

1-Hour Chart Overview:

The price has dipped 0.65% over the past hour, reflecting a bearish sentiment.

RSI: Oversold territory, suggesting a potential bounce could occur soon.

EMA: Short-term EMA is trending below the price, signaling bearish momentum.

24-Hour Performance:

High: $0.9844

Low: $0.8251

Volume: 133.10M USUAL (equivalent to 120.32M USDT), indicating strong activity despite the decline.

Analysis:

The price nearing the $0.8250 support level could indicate an opportunity for buyers to step in. Watch for a breakout above $0.8500 for signs of recovery or a further decline if the support level fails.

📊 Trading Tip:

Monitor trading volumes and RSI closely for potential reversals or continued bearish trends. Risk management is essential in such volatile conditions.

Stay tuned for more updates as the market evolves. Let us know your thoughts or if you'd like specific insights into other pairs!