1. Current Price and Short-term Performance
1. Real-time Price Fluctuations
- Current Price: There are slight differences across platforms, with CoinMarketCap quoting $0.341716 (24-hour decline of 11.29%), Kraken showing $0.36, and CoinCheckup reporting $0.3016 (decline of 4.79%). The differences may stem from data update times or varying liquidity between exchanges.
- 24-hour Trading Volume: Significantly concentrated on CoinMarketCap ($95.56 million), while Kraken shows only $105,000, indicating that the main trading activity may be focused on leading exchanges.

2. Short-term Trend
- Significant Decline: The overall decline in the past 24 hours exceeded 10%, significantly lagging behind the overall performance of the cryptocurrency market (-4.37%).
- High Volatility: Compared to the historical high of $1.64 (December 19, 2023), the current price has fallen by about 79%, reflecting severe selling pressure recently.

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### 2. Market Background Association
1. Overall Cryptocurrency Market Environment
- Market Capitalization Shrinkage: The global cryptocurrency market cap is currently $3.62 trillion, with a 24-hour decline of approximately -4.37% (CoinGecko/Forbes data), indicating a bearish market sentiment.
- Bitcoin ETF and Regulatory Dynamics: According to news from search 13, the approval of Bitcoin ETFs in 2024 and Trump’s support for cryptocurrencies may indirectly influence the market, but USUAL has not benefited significantly.

2. Project-Specific Factors
- Token Attribute Controversy: Search 12 indicates that USUAL is positioned as a “fiat-backed stablecoin issuer,” but its price fluctuations contradict the stablecoin characteristics, possibly leading to market perception confusion or project execution risks.
- Liquidity Risk: Trading volume is concentrated on a few platforms (such as CoinMarketCap), and smaller exchanges may lack depth or exacerbate price volatility.

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### 3. Risk and Opportunity Assessment
1. Risk Points
- High Volatility: Short-term declines far exceed the market average; further downward risks should be monitored.
- Project Transparency: Team background and technical implementation are not clearly reflected in search results; anonymous or low-credibility teams may increase risks.
- Market Dependency: If the cryptocurrency market continues to weaken (e.g., due to Federal Reserve policy adjustments), USUAL may face greater selling pressure.

2. Potential Opportunities
- Oversold Rebound: The current price is close to the historical low of $0.2055 (search 7); if the market recovers or the project has favorable news, a technical rebound may occur.
- Stablecoin Narrative: If its “fiat backing” model is validated and compliance improves, it may regain market attention (further verification of authenticity is needed).

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### 4. Suggested Actions
1. Short-term Investors:
- Pay attention to the key support level at $0.30; if it breaks, it may test previous lows; a rebound needs to break through the resistance level at $0.36 to confirm a trend reversal.
- Consider the overall trends of BTC/ETH and avoid contrarian operations.

2. Long-term Investors:
- Need to dig deep into the project's fundamentals to verify the authenticity of its stablecoin mechanism and team execution (e.g., audit reports, partner organizations, etc.).
- Current data is insufficient; a cautious wait-and-see attitude is recommended.

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### Summary
USUAL's recent price performance has been weak, with significant declines and high volatility, raising concerns about the contradiction in its project positioning (stablecoin vs. high-volatility token). Investors should prioritize overall market trends and project transparency, avoiding reliance on price data alone for decision-making.