$USUAL has seen a significant surge since its listing on Binance, with a significant increase over the past 48 hours. The coin is currently trading at $1.40, reflecting the growing demand.
Expected scenarios:
- Positive scenario: If the currency manages to stay above the $1.22 level and surpass the resistance at $1.2970, we may see an additional rise towards the $1.50 levels or higher.
- Negative scenario: In case of a correction due to overbought conditions, prices may decline towards the support levels at $0.8467 or even $0.6009.
Technical analysis
1. General trend: The currency appears to be in a strong uptrend, with a series of green candles indicating increased demand.
2. Moving Averages: The crossing of the 7-day moving average with the 21-day moving average indicates a bullish signal, which enhances the possibility of the uptrend continuing.
3. Relative Strength Index (RSI): Currently, the RSI is at 87.03, which means that the market is in an overbought state, and we may see a price correction if this trend continues.
4. Trading Volume: The currency has seen a significant increase in trading volume, reflecting the strength of the buying momentum.
Tips for investors
It is preferable to wait for a correction towards strong support areas before entering new buy trades. It is important to manage risks well, and set an appropriate stop loss to protect capital from possible corrections.
In conclusion, USUAL remains under the microscope, with a positive outlook if the buying momentum continues, but caution should be exercised against potential corrections due to overbought levels.
