$USUAL has faced a sharp decline, dropping by 15.31% to $1.162, reflecting bearish sentiment in the market. The price has breached critical support levels, with the current trading below the 5-day EMA ($1.191), 10-day EMA ($1.228), 20-day EMA ($1.270), and 50-day EMA ($1.277). This breakdown suggests that bearish momentum is firmly in control, and the short-term outlook appears cautious.
The RSI indicators also highlight overselling pressure, with the 6-period RSI at 25.94, signaling potential exhaustion of selling activity. Meanwhile, the MACD is widening its bearish divergence, with the MACD line at -0.036 and the DIF at -0.043, further confirming the negative trend.
Trading volume stands at 58.68M, with turnover at
77.06M, reflecting a significant reduction in market activity compared to prior levels. This decline in volume could suggest weakening conviction among traders, further contributing to the downward pressure.
Looking ahead, the next critical support zone lies near $1.119, and a breach of this level could open the door for further downside. However, if the market finds support at current levels, a consolidation phase could set the stage for a potential recovery. Key resistance levels to reclaim are $1.270 (20-day
EMA) and $1.277 (50-day EMA). Maintaining a strategic approach will be essential as the market navigates these turbulent conditions.