#MarketRebound
The 1-day chart for $USUAL shows strong bullish momentum, with the token reaching a recent high of $1.635. Here are the key takeaways:
Price Action: USUAL has surged sharply, breaking key resistance levels and trading at $1.4378 at the last close.
Moving Averages (MA):
The 7-day moving average is at $0.9899, indicating strong short-term bullish momentum.
The 25-day moving average lags at $0.6049, reflecting a significant gap and suggesting that the rally may be too prolonged in the short term.
Volume: The peak volume reached 290.914 million, indicating increased trading activity and significant market interest.
Relative Strength Index (RSI): The RSI is at 89.21, entering the overbought zone, which may indicate a potential pullback or consolidation in the near term.