$USUAL Token: Comprehensive Analysis
The $USUAL token is the governance and utility token of the Usual ecosystem, a decentralized fiat stablecoin issuer leveraging Real-World Assets (RWAs) to provide a stable and scalable financial infrastructure. The platform is multi-chain, composable, and transparent, aiming to bridge traditional finance with DeFi ecosystems.
Key Metrics (Real-Time):
Current Price: $1.06
Circulating Supply: 486.12 million tokens
Total Supply: 507.01 million tokens
Max Supply: 4 billion tokens
Technical Analysis
Price Movement
Usual has been trading within a consolidation range, with a current price of $1.06. The price has been gradually declining after reaching a recent high of $1.63 in December, indicating a correction phase.
Volume
Trading volume has been decreasing over the past few days, suggesting lower market participation. A drop in volume often correlates with weaker price movements and reduced volatility.
Indicators
1. Relative Strength Index (RSI):
Current RSI: 45
This neutral reading indicates neither overbought nor oversold conditions. However, it leans slightly bearish as it hovers below the 50 mark.
2. MACD (Moving Average Convergence Divergence):
The MACD line has crossed below the signal line, indicating a bearish crossover.
The MACD histogram is negative, reinforcing the possibility of downward pressure in the short term.
3. Moving Averages (MA5 and MA10):
MA5: $1.07
MA10: $1.08
The crossover of MA5 below MA10 suggests short-term bearish momentum.
4. Support and Resistance Levels:
Key Support: $1.02
Key Resistance: $1.13
A breakout above $1.13 could signal a reversal, while a drop below $1.02 may indicate further declines.
Supply Dynamics
The circulating supply of $USUAL has increased to 486.12 million tokens, while the total supply is 507.01 million tokens. This gradual increase in supply, with a maximum cap of 4 billion tokens, reflects the token's designed inflationary mechanics as outlined in the whitepaper#writetoearn
