USUAL/USDT: A Rapid Rise with Caution Ahead
The USUAL/USDT trading pair has demonstrated an exceptional rally, climbing 449.58% over the past 30 days and 66% in the last week alone. Currently trading at $1.1866, the token gained 8.87% in the last 24 hours, with a 24-hour high of $1.2145. This explosive growth has attracted significant trading activity, with a volume of 290.53M USUAL tokens.
The bullish momentum is evident, with the price remaining above key moving averages. However, rapid increases like this often come with heightened volatility, making the market prone to sharp corrections. Profit-taking by early investors could lead to a short-term dip, especially if the price fails to break its $1.2145 resistance.
For traders, this uptrend presents an opportunity to ride the momentum, but caution is advised. Setting stop-loss orders below the $0.9951 support level can minimize risk. For long-term investors, waiting for consolidation or retracement could provide a safer entry point.
While the outlook remains positive, volatility underscores the need for risk management. Strategic positioning and close monitoring will be key to navigating this dynamic market.
