The $USUAL token has recently experienced a notable price drop, falling from $1.6 to around $1.07.
As of December 23, 2024, USUAL is trading at approximately $1.15, reflecting a 9.6% increase over the previous close.
Potential Factors Behind the Decline:
Market Correction: Following its rise to $1.6, early investors may have taken profits, triggering a pullback.
Token Release Schedule: The token’s planned release schedule of 495 million every four months over the next four years may have temporarily increased supply, affecting the price.
Market Sentiment: Broader market conditions have been turbulent, which likely impacted $USUAL’s performance.
Growth Potential:
Some analysts view this price correction as a potential catalyst for long-term growth. The structured release schedule limits sudden market saturation, and dips like this often present buying opportunities for new investors.
Anticipated Recovery:
While pinpointing a specific recovery date is challenging, some anticipate the next price surge could align with major milestones such as updates, token releases, or favorable market shifts. Tokens with structured release plans tend to recover as investor interest renews.
Price Forecasts:
Short-term: Stability between $1.2 and $1.7.
Medium-term: Climbing towards $1.5-$2 if positive market conditions persist.
Long-term: Potentially exceeding $2-$5 with adoption and project progress.
💬 What are your thoughts on $USUAL recent price movements and future prospects?
Source: Binance Square
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