The $USUAL
/USDT 15-minute chart showcases a sharp decline of -8.72%, positioning the current price at $0.7297. The Bollinger Bands indicate a volatility range, with the upper band at $0.8001 and the lower band at $0.7149. Meanwhile, the midline stands at $0.7575, signaling that the price is currently trading below the average level, pointing toward a bearish trend.
Market momentum shows some recovery from the $0.7030 low, yet the price is struggling to sustain above key support zones. Moving averages for MA(5) and MA(10) volumes are recorded at 2,652,143 and 1,731,388, respectively, demonstrating significant activity but insufficient strength to reverse the bearish sentiment. The MACD indicator currently sits at -0.0005, with DIF and DEA signaling a lack of bullish divergence.
For traders, this presents a potential short-selling opportunity if the price fails to reclaim the $0.7500 resistance. Caution is advised, with a focus on the $0.7149 lower Bollinger Band as a critical support level. Any breach below this point could trigger further downward momentum. Employ tight risk management with stop-losses to mitigate unexpected volatility.