Technical Analysis for $USUAL
/USDT:
Current Price: 1.1908 USDT
Price Change: -8.71% in the last 24 hours
24h High: 1.3147 USDT
24h Low: 1.1155 USDT
Volume: 165.67M (USUAL), 201.38M (USDT)
Key Technical Indicators:
1. Support Level: 1.1155 USDT (recent low)
2. Resistance Level: 1.3147 USDT (recent high)
3. Moving Averages:
MA(5) = 3,754,032.2 (indicating short-term bullish sentiment)
MA(10) = 2,845,421.4 (showing a slightly weaker trend compared to the 5-period MA)
Trade Momentum:
The price has been experiencing a downward momentum (-8.71%) within the last 24 hours.
There is potential for a reversal if the price holds above 1.1155 and breaks resistance at 1.3059.
Trade Signals & Targets:
1. Target 1 (Bullish): 1.3059 USDT (if upward momentum continues)
2. Target 2 (Moderate): 1.2394 USDT (next resistance level)
3. Target 3 (Bearish): 1.1155 USDT (support zone to watch for possible bounce)
Trade Strategy:
Bullish Scenario: Buy near 1.1155 with a target at 1.3059.
Bearish Scenario: Watch for breakdown below 1.1155 to potentially target 1.06.
Momentum is cautious, so keeping an eye on support and resistance levels is crucial for risk management.
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