In other words this is price manipulation by the $USUAL team not the price determined the forces of demand and supply of the market?
If true, the $USUAL ain't biz-worthy!
金毛狮王
·
--
Bearish
$USUAL has broken new recent lows and its rebound is weaker than other coins. Based on left side trading, there are two supports at 0.635 and 0.55. If it breaks 0.55, we will likely see long term accumulation period at 0.3x to 0.4x. The accumulation period could last for a few months.
I would suggest you to consider staking your tokens during the accumulation period. I believe this is what the Usual team may want by trapping holders in losses so that they have to stake their tokens for long term. Rise in price will make those trapped holders sell their holdings which will reduce the overall staked tokens.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.See T&Cs.
1
1
261
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.