$USUAL /USDT Analysis: Potential Recovery Zone
$USUAL is currently trading at $0.6522, down 3.95% in the past 24 hours, with the price ranging between $0.6383 (24-hour low) and $0.7160 (24-hour high). This downtrend is accompanied by declining momentum, but the oversold conditions hint at a potential recovery.
Key Indicators:
RSI (6): 22.13 – Deep in oversold territory, signaling a possible bounce.
MACD: Flattening, showing signs of consolidation.
Volume: Moderately active, indicating steady interest despite the drop.
Key Levels to Watch:
Resistance: $0.6700 – A breakout could target:
Target 1: $0.7000
Target 2: $0.7400
Support: $0.6380 – Failure to hold here might lead to a drop toward $0.6200.
Trade Setup:
Entry Point: Around $0.6500 for a recovery play.
Stop-Loss: Below $0.6380 to minimize risk.
Market Insight:
With RSI in oversold territory and the MACD showing signs of stabilization, USUAL could see a short-term rebound. A break above $0.6700 resistance would confirm recovery, while holding above $0.6380 is critical to avoid further losses.