Its a RWA real world asset coin backed by Stable assets and treasury.
求真
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$USUAL Has anyone read the white paper of this coin? Please explain this project. I don’t have time to read it recently. Thank you for your selflessness😍
But what does if it breaks 1.15 mark in few hours?
Marcus_Satoshi_2008
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Technical analysis#Usualtoday
$USUAL 21/12/2024 Here is the technical analysis for $USUAL USUAL/USDT on the 15-minute, 1-hour and 4-hour charts. 15 minute chart: 1. Price Action: The price has been trending lower, reaching a low of 1.1160 before a small recovery. 2. Indicators: Bollinger Bands: Price is close to the lower band, signaling bearish momentum and possible oversold conditions. RSI: At 39, it is close to oversold, but not quite there. It may suggest a small bounce.
The fact that Usual ($USUAL ) hasn’t dropped below 1.11 in the last 48 hours suggests support at that price level. Here’s what this could mean:
Key Takeaways: 1. Potential Support Level:
• If the coin consistently bounces back from 1.11, it signals that buyers are stepping in at this price, preventing further decline. • This could indicate that sellers are losing momentum and the price may stabilize or rise from here.
2. Accumulation Phase:
• When prices hover around a low point without breaking lower, it often means investors are accumulating at a perceived discount. • This could lead to an upward price movement if buying pressure increases.
3. Reduced Downward Pressure:
• If no negative news or major sell-offs occur during this period, it suggests that the price may have found a temporary floor. • If the broader market remains stable or bullish, this could signal a reversal or slow climb toward 1.4 again.
Next Moves to Watch: • Breakout Above 1.15: If the coin breaks above 1.15-1.20, it could indicate the start of a recovery. This may trigger more buying activity and push the price toward 1.4. • Drop Below 1.11: If the price breaks below 1.11, it could invalidate the support level, signaling further downside (potentially to 1.00 or lower). • Volume Increase at 1.11: Watch for increased trading volume near 1.11. Higher volume at this level reinforces the idea of strong support.
What You Can Do: • Hold for Now: Since 1.11 is holding, waiting to see if it climbs might be a reasonable approach. • Set Alerts: Place a price alert at 1.10 (for a possible drop) and 1.15 (for a potential upward move). • Stop Loss: If you want to protect yourself, consider a stop-loss just below 1.11 (around 1.08-1.10).