Technical Analysis of $USUAL

/USDT:

Current Price: 0.9536 USDT

24h Price Change: +3.40%

Support: 0.8903 USDT

Resistance: 0.9959 USDT

Volume: 116.65M USUAL traded, showing good liquidity.

Key Technical Indicators:

RSI (Relative Strength Index): RSI is likely neutral (if near 50), but may indicate upward momentum with a bullish divergence if it’s trending above 50.

MACD (Moving Average Convergence Divergence): Suggests the momentum is positive as the MACD line might be crossing above the signal line.

Moving Averages: Short-term averages (like the 20-period MA) may cross above long-term averages (like the 50-period), indicating an upward trend.

Trade Signal: Buy (bullish sentiment)

Targets 🎯:

1. First Target: 0.9750 USDT (near resistance)

2. Second Target: 0.9900 USDT (just below the 24h high)

3. Third Target: 1.0050 USDT (potential breakout level)

Trade Momentum:

The current price action shows signs of upward momentum with positive market sentiment. The price is trading above key support and has broken resistance in recent hours, signaling potential continuation.

Traders should look for confirmation, such as a break past the resistance or a potential retracement to a support level before entering for stronger signals.

Risk Management:

Stop-loss recommendation: 0.8903 USDT (if the price goes below the 24h low).