💥Market Analysis and Key Observations for USUAL/USDT💥

1. Current Price and Performance:

• Current Price: $1.0635

• Price Change (24H): +24.09%

• Price Range:

• 24H High: $1.3073

• 24H Low: $0.6450

The asset has experienced a substantial upward movement, gaining over 24% within the last 24 hours, which suggests strong bullish momentum.

2. Volume Analysis:

• 24H Volume:

• USUAL: 569.67M

• USDT: 525.30M

• This high volume indicates strong market participation, which is fueling the price increase.

3. Technical Analysis:

• Moving Averages (MA):

• MA(5): 646,942.2

• MA(10): 659,759.2

• The short-term moving averages reflect consistent trading activity and upward momentum.

• Volume Trend:

• Recent spikes in trading volume support the ongoing uptrend.

• Resistance and Support:

• Key Resistance: Around $1.2073 (24H high).

• Support Level: Around $1.01.

• Trend Line:

• The price is trending near the 1.05 range, showing slight consolidation after a strong push.

4. Order Book Insights:

• Bid-Ask Spread:

• Bids: 1.0444 (Buyers)

• Asks: 1.0449 - 1.0450 (Sellers)

• Buyer percentage: 70.23%

• Seller percentage: 29.77%

• Market sentiment appears bullish as buyers dominate the market.

Prediction and Outlook:

• Short-Term: The strong upward momentum and volume suggest the price may attempt to retest the $1.20 resistance level. A breakout above this level could lead to further gains.

• Medium-Term: If trading volumes remain high and bullish sentiment continues, the price could target the $1.30 - $1.50 zone. However, failure to break resistance may result in a retracement back to support levels near $1.01.

• Risk Factor: Monitor for profit-taking or sharp corrections, as high volatility is common after such rapid gains.

Trading Strategy:

• Buy Zone: Near $1.04 - $1.05 (current level).

• Sell/Take Profit Zone: Near resistance at $1.20.

• Stop-Loss: Place near $1.00 to minimize downside risk.

This analysis reflects strong bullish signals, but traders should stay cautious

$USUAL