Technical Analysis of USUAL/USDT
Current Price: $1.2742
24h Price Change: +17.94%
24h High: $1.3299
24h Low: $0.9951
Trend Analysis:
Support Level: $1.1011 (from 4h chart)
Resistance Level: $1.3299 (SAR level, significant resistance)
Current Momentum: Bullish, with a price increase of +17.94% over the past 24 hours, suggesting positive market sentiment.
Trade Signal:
Buy Signal: Given the upward momentum and recent price action, a buy signal is active if the price stays above $1.23 (current support zone).
Target Levels (with Momentum Consideration):
1. Target 1: $1.30 — Near the resistance level of $1.3299, with momentum pushing towards a retest of highs.
2. Target 2: $1.35 — If the bullish trend continues, a breakout above $1.3299 could bring the price closer to this level.
3. Target 3: $1.40 — A strong breakout of resistance could push the price higher, aiming for this level.
Trade Momentum:
Positive Momentum: Current market conditions show a bullish trend supported by the price rise, with increasing volume in USUAL and USDT pairings.
Key Watch: Watch for any reversal signals, such as price dropping below $1.23 or a bearish SAR shift, which could suggest caution.
Summary:
Buy near $1.23, aiming for $1.30, $1.35, and possibly $1.40 if the bullish trend persists.
