$USUAL /USDT Price Analysis: Bullish Momentum Continues

Disclaimer: This is not investment advice. Always conduct your own research and consult a financial advisor before making any trading decisions.

The $USUAL /USDT pair has shown strong bullish momentum recently, with USUAL seeing a +42.74% price increase. As of December 19, 2024, the price is at $1.2003, reaching a 24-hour high of $1.2223 and a low of $0.6450.

Key Trading Data

Current Price: $1.2003

24h High: $1.2223

24h Low: $0.6450

24h Trading Volume (USUAL): 984.78M

24h Trading Volume (USDT): 973.43M

24h Price Change: +42.74%

Key Moving Averages

MA(7): $1.1307

MA(25): $1.0399

MA(99): $0.9727

The moving averages indicate a positive trend, signaling continued upward momentum for USUAL in the short term.

Technical Indicators

RSI (14): 77.35 (Indicates overbought but strong momentum)

MACD: 0.2112 (Bullish momentum)

Bollinger Bands: Near upper band, indicating continuation potential.

Market Sentiment

The market sentiment remains bullish, with 90.69% of bids in the order book, suggesting strong buying pressure.

Resistance and Support Levels

Resistance: $1.2223

Support: $1.1307 (MA(7))

Conclusion

$USUAL is experiencing a strong uptrend, with significant gains over the past month. If it breaks the resistance at $1.2223, further bullish momentum could follow. However, traders should monitor for potential pullbacks and use support levels as key indicators for entry.

Disclaimer: This analysis is for informational purposes only and not financial advice.

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