The $USUAL /USDT cryptocurrency has been showing significant volatility, with notable price swings recently.
Recent Technical Analysis:
Support and Resistance Levels:
Primary Support: $0.3590 (24h low)
Immediate Resistance: $0.4859 (current price zone and consolidation area)
Major Resistance: $0.5495 (24h high)
Technical Indicators:
MACD: Look for confirmation of a bullish crossover on the 4H or daily chart.
RSI: Check levels above 70 (overbought) or below 30 (oversold). Currently, likely to enter overbought.
Volume: High volume confirms momentum. Ensure follow-through during price increases.
Bollinger Bands: Price close to the upper band may signal volatility and correction.
Entry Strategies:
Conservative Entry: Wait for a retest near $0.3778–$0.4000 (support zone).
Aggressive Entry: Consider buying near the current price ($0.4859) after confirming bullish momentum.
Potential Targets:
Target 1 (Short-term): $0.5200 (recent swing high resistance)
Target 2 (Medium-term): $0.5495 (24h high and psychological resistance)
Target 3 (Extended): $0.6000 (psychological breakout level if momentum holds)
Risk Management:
Conservative Stop-Loss: Below $0.3590 (24h low)
Aggressive Stop-Loss: Below $0.3778 (support zone)
Final Thoughts:
Given the high volatility of the cryptocurrency market, it is essential to closely monitor price movements and adjust strategies as needed. Technical analysis suggests potential entry points and target levels, but caution and proper risk management are advised when considering investments in such volatile assets.
*Note: The information presented is based on technical analysis and does not constitute financial advice. Always conduct your own research before making investment decisions.*
