Stock price of USUAL remains above breakout level with a significant 78% surge in trading volume, targeting key resistance at $0.1132.
The USUAL token, following recent structural movements, has found itself in a consolidation band before resuming its upward action. The cryptocurrency is currently trading near $0.09082, having increased by 4.15% over the past 24 hours.
During the retest phase, the lower support for USUAL held firm at around $0.0736. This level is crucial to watch, as should selling pressure increase, the downside risk for USUAL could extend to the lower green band at this level.
As we look ahead, several potential resistance levels for USUAL have emerged. The next significant resistance is expected at $0.1132, followed by $0.1769 and $0.2038. These levels are based on recent highs in price charts, Fibonacci retracement or extension levels, volume profile zones, and moving averages or technical indicators.
The USUAL token has broken a descending trendline on the daily timeframe, indicating a potential shift in its price trend. This breakout has led to a support range around $0.0902, with the next potential resistance, if price holds above $0.0903, being $0.1132.
The market capitalization of USUAL has also seen a significant increase, rising to $101.93M, up 7.22% in the last session. The daily trading volume of USUAL has surged by 78.27% to $61.75M, reflecting increased investor interest in the token.
It's important to note that these resistance levels are general guidance. For precise levels and real-time analysis, it's recommended to consult a dedicated technical analysis platform or reports specifically focused on USUAL.
In conclusion, the USUAL token is consolidating after a mid-July breakout, with potential resistance levels at $0.1132, $0.1769, and $0.2038. Sustained closes above these levels are necessary for upward continuation of USUAL. The lower support remains at $0.0736, and it's crucial to monitor the trading activity around this level.
Investors looking to capitalize on the USUAL token's momentum might find the breakout above $0.0903 promising, as the next potential resistance could be at $0.1132. This bullish outlook in the crypto finance space is bolstered by the technology underpinning USUAL, making it an attractive investment opportunity for tech-savvy investors. As the token's market capitalization reaches $101.93M and daily trading volume swells to $61.75M, the interest in USUAL among investors continues to grow.
