The Usual ($USUAL) token has shown remarkable growth, with its total value locked (TVL) more than doubling within a month. This surge reflects growing demand for stablecoins that emphasize user ownership, shared rewards, and protocol growth—key pillars of the so-called Stablecoin Renaissance.
Currently trading in pre-market, USUAL has hit a new all-time high with strong performance, recording a 24-hour increase of +18.81%, reaching $0.8464. As highlighted, pre-market trading for USUAL/USDT will be suspended on December 17, 2024, at 16:00 UTC+7 in preparation for its transition to Spot trading. Importantly, suspension for listing preparation is not equivalent to delisting, as some traders might misinterpret.
Why This Matters
The move to Spot trading on major exchanges typically marks a significant milestone for tokens. This can improve liquidity, attract a broader investor base, and enhance trading efficiency. With USUAL's strong market momentum and impressive weekly performance (+48.2% in supply growth), the Spot listing could further amplify its adoption.
Key Insights for USUAL Traders:
Spot Listing Catalyst: Transitioning to Spot markets often results in a price surge due to increased trading volumes and attention. Monitor for bullish continuation signals post-spot launch.
Technical Levels:
Support: $0.70
Resistance: $0.88 (previous high).
Breakout above resistance could signal continuation towards $0.90+.
Market Sentiment: USUAL's rapid growth in TVL highlights strong confidence in its utility as a stakeholder-driven stablecoin.
Actionable Advice:
Keep an eye on Spot trading launch details and price reactions to the new liquidity.
Be cautious of short-term volatility during the transition period as early investors may take profits.
Use proper risk management strategies, setting stop-loss levels near key supports.
USUAL's Spot launch positions it well to capitalize on the growing trend of user-centric stablecoins, providing both stability and opportunities for long-term growth.
