📊 $USUAL /USDT Technical Analysis - Consolidation Phase After a Retracement! 📊

Current Price: $1.0731 (-4.93%)

24h High: $1.2111

24h Low: $1.0303

$USUAL /USDT has experienced a -4.93% decrease in the last 24 hours, currently trading at $1.0731. After reaching a 24-hour high of $1.2111, the price has retraced and is testing the lower range near $1.0303.

Key Levels to Watch:

Support Levels:

$1.0303

$0.9043

$0.9400

Resistance Levels:

$1.1655

$1.2111

$1.6878

Volume Analysis:

24h USUAL Volume: 158.66M

24h USDT Volume: 174.32M

The increased trading volume reflects continued market interest in USUAL/USDT, though the retracement shows potential for short-term bearish action.

Depth Analysis:

Bid Depth: Strong support near $1.0303 and $0.9043, indicating buyers are active at these levels.

Sell Depth: Resistance sits near $1.1655 and $1.2111, indicating sellers are holding strong at these price levels.

Short-Term Outlook:

Bearish Retracement: The price action shows a retracement, but $1.0303 could act as a critical support level. If this level holds, the market might see a potential bounce back toward $1.1655.

Resistance Test: A break above $1.1655 would signal a shift toward the $1.2111 level, with a potential test of the $1.6878 resistance in the longer term.

Conclusion: USUAL/USDT is currently in a consolidation phase following a retracement. Watch key levels at $1.0303 and $1.1655 for potential breakout or breakdown signals.

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