Market Analysis Report: $USUAL
USUAL
1.0962
-4.2%
/!🔥💯
Current Price Action:
The USUAL/USDT pair is trading at $1.0980, showing a significant decline of 14.36% in the last 24 hours. The market structure is consolidating near the $1.09 support level after a sharp correction from the recent high at $1.2969.
Key Levels to Watch:
• Long Entry: Consider entering a long position if the price breaks above $1.15, confirming a reversal towards the $1.20 resistance level.
• Short Entry: A short position is viable if the price breaks the critical support level at $1.05, targeting a potential decline to $0.95.
Market Outlook:
The next move will depend on whether the bulls can reclaim the $1.15 area. A break above this level could signal renewed bullish momentum, targeting $1.25 as the next major resistance. Conversely, failure to hold above $1.05 could invite further selling pressure, pushing the price to test deeper support near $0.90.
