Technical Analysis of $USUAL
Bollinger Bands (BOLL):
The Bollinger Bands in the first image show recent expansion, indicating an increase in volatility. The price is moving from the lower band towards the middle and upper bands, suggesting a possible recovery.
Moving Averages (MA and EMA):
In the images, the use of simple moving averages (MA) and exponential moving averages (EMA) with short (7), intermediate (25), and long (99) periods is observed.
The crossover of the shorter MA/EMA over the longer ones could signal a shift towards a bullish trend.
MACD:
The MACD histogram is at negative levels but with weakening, which may be indicating a decrease in bearish pressure.
RSI:
The RSI (6) is in a neutral range close to 53, which does not indicate overbought or oversold, but its upward trend suggests a possible bullish momentum.
Price and Volume:
The price is in a consolidation zone near 1.07 USDT, with significant volume in 24 hours (221.21M–236.13M), reflecting market interest.
2. Key Zones:
Resistances:
1.10 USDT (upper Bollinger band and psychological resistance).
1.1247 USDT (recent high).
Supports:
0.9951 USDT (recent low).
1.05 USDT (middle Bollinger band and dynamic support).
---
Fundamental Analysis (General Considerations)
Volume and Liquidity:
The 24-hour volume shows that there is active interest in this cryptocurrency.
Market Context:
If USUAL has an associated project, its valuation will depend on technological progress, strategic partners, and adoption in the ecosystem.
Market Sentiment:
A recent movement from the lows suggests possible accumulation. It is important to review news or events related to USUAL that could justify the change.
Recommendation:
Short-Term Strategy:
Monitor the RSI and the MACD crossover to confirm a trend change.
Wait for a breakout above 1.10 USDT with volume to confirm a bullish continuation.
Long-Term Strategy:
Review the fundamentals of the USUAL project to confirm its future viability.
Observe the key support of 0.9951 USDT as a risk reference.
This is not investment advice, do your own research DYOR.