$USUAL /USDT TECHNICAL ANALYSIS: BEARISH PRESSURE AND KEY LEVELS TO WATCH
The
$USUAL /USDT pair is currently trading at 0.3192, reflecting a -15.53% drop in the last 24 hours. After reaching a high of 0.3881 earlier in the day, the price has pulled back toward its 24-hour low at 0.3126, signaling bearish pressure in the market.
Key Levels to Monitor:
Resistance: The immediate resistance is at 0.3300, followed by stronger resistance zones around 0.3400 and 0.3500.
Support: Support is found at 0.3100, with potential further support near 0.3192. A breakdown below 0.3100 could see the price test lower levels at 0.3000.
Volume Analysis:
24h Volume (USUAL): 116.08M USUAL showing robust trading activity.
24h Volume (USDT): 39.50M USDT, reflecting decent liquidity in the pair.
Market Sentiment: Over the past 7 days, the market is down -5.59%, with a -67.93% drop over the last 90 days. The overall trend is bearish, with recent price action indicating that sellers are in control. However, any rebound at support levels may offer a potential buying opportunity.
Outlook: If the price can hold above 0.3100, there may be a chance for a bounce towards the resistance levels. But if the downward momentum continues, we could see further declines toward 0.3000 and beyond. Keep an eye on key levels for potential breakouts or breakdowns.
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