#USUAL /USDT Market Analysis
Current Price: $0.9200 (-12.08% in the last 24 hours)
The trend remains bearish, with the price trading below both EMA(7): $0.9958 and EMA(25): $0.9368, indicating continued downside pressure. A bearish crossover has been confirmed, signaling a weak outlook.
Technical Indicators:
• RSI: At 37.16, approaching oversold territory. This suggests potential for consolidation or a short-term rebound if selling pressure eases.
• MACD: Momentum remains bearish, with a negative MACD (-0.0633) and a confirmed bearish divergence, reinforcing the downward trend.
• Volume: Declining, indicating reduced buying interest following the recent sharp rally.
Key Levels:
• Support:
• $0.9031 (short-term)
• $0.7261 (major support)
• Resistance:
• $0.9958 (EMA-7)
• $1.0500 (24H high)
Outlook:
• Short-Term: Likely consolidation or a minor bounce near key support levels.
• Long-Term: Bearish bias persists unless the price reclaims key resistance levels with increased buyer momentum.
Recommendation:
Wait for stabilization near support levels or a clear confirmation of trend reversal before considering entry. Focus on high-probability setups to manage risk effectively.