Technical Analysis Update: $USUAL /USDT 馃殌
Current Price: $1.1690 (+1.40%)
Last 24H Change: -16.07%
Analysis Overview:
The $USUAL /USDT pair is consolidating after a sharp correction from the recent highs. The price is attempting to stabilize near the $1.16 level, showing early signs of potential recovery. Key levels to watch are outlined below.
Targets:
1. Immediate Resistance: $1.25
A break above $1.25 could indicate bullish momentum resuming, with increased buying pressure likely.
2. Mid-Term Target: $1.35
Price can aim for this level if momentum continues, supported by strong volume. This aligns with a key Fibonacci retracement level.
3. Long-Term Target: $1.50
Significant resistance zone where profit-taking is expected. A sustained breakout above $1.50 could shift the trend decisively bullish.
Recommendation:
Short-term Traders: Consider partial profit booking near $1.25 and move stop-loss to $1.10.
Long-term Investors: Hold positions while monitoring volume and market sentiment for potential upward continuation.