$USUAL #chatgptAnalyse

The price of USUAL/USDT has shown a significant drop, currently at $0.2494, representing a -4.92% loss. Here's an updated analysis based on the recent price action:

Key Observations:

Current Price:

$0.2494, reflecting increased selling pressure.

Resistance Levels:

$0.2561 (SAR): An immediate resistance identified by the Parabolic SAR.

$0.2634: The high of the last 24 hours.

Support Levels:

$0.2424: The 24-hour low, a critical level to monitor.

$0.2240: A major support visible on the lower trendline.

Technical Indicators:

RSI (6, 14, 24): All hovering around 43, indicating a neutral to slightly oversold zone. This could signal a potential weakening of the bearish trend if support holds.

Volume: Relatively low (18M USDT over 24h), suggesting that current movements lack strong momentum.

Possible Scenarios:

Rebound:

If the support at $0.2424 holds, a rebound could push the price back to $0.2561 or even $0.2634.

Continued Downtrend:

A break below $0.2424 could accelerate the decline towards $0.2240, with increased selling pressure likely.

Tips:

Wait for Confirmation: Avoid rushing until the price clearly breaks a key level (either upward or downward).

Monitor Volume: A surge in volume is crucial to confirm a breakout or trend reversal.

"Patience is a virtue on the battlefield of markets. Acting with discipline brings victory."