$USUAL - One of the Top DeFi TokenUSUAL (usualmoney) skyrocketed, with a massive 644% increase in just one month since it hit the market.
Usualmoney is like an on-chain version of Tether or Circle, but it actually shares its revenue with token holders.
Usual is all about issuing stablecoins backed by real-world assets (RWA), and they're big on giving back to their community through the USUAL token.
We're seeing a huge shift in RWA stablecoins, with $USUAL hitting 1B dollar in TVL thanks to backing from Binance and Kraken. Binance Labs threw some serious cash at $USUAL, investing in @usualmoney.
No doubt, this is one of the top DeFi tokens out there.
TECHNICAL OUTLOOK:
Price failed to break its ATH and is now gently correcting.
It would be a perfect entry if we can retest the 4-hour demand around 0.87 to 0.80, in confluence also with our golden zone fib level.
Usual
$USUAL Token Surge 267% After Listing: What’s Driving the Rally?The cryptocurrency market witnessed a standout performer in $USUAL, which surged 267% after its listing on major exchanges, including Binance. This Ethereum-based altcoin soared from $0.35 to a peak of $1.28 within hours, showcasing significant investor interest. Let’s delve into the fundamental and technical factors fueling this impressive performance.
About $USUAL
$USUAL powers the Usual Protocol, a decentralized fiat stablecoin issuer with a unique governance structure. It integrates three tokens into its ecosystem:
1. USD0: A stablecoin fully backed by short-term, liquid, and risk-free assets, ensuring composability and transparency in DeFi.
2. USD0++: A liquid staking token that distributes rewards in $USUAL.
3. $USUAL: A governance token directly tied to protocol revenue, granting ownership and decision-making rights to its holders.
This innovative structure aligns user incentives and drives adoption of USD0, making $USUAL pivotal to the ecosystem’s growth. Its intrinsic value, derived from real cash flows, positions it as a game-changer in the DeFi landscape.
Fundamental Highlights
Listing Impact: The token’s debut on Binance, Bitget, and other prominent exchanges significantly boosted liquidity and visibility, propelling its price to an all-time high of $1.29.
Market Activity: With a 195.60% increase in trading volume, totaling $1.64 billion in the last 24 hours, $USUAL has captured the market’s attention.
Market Cap & FDV: At $552 million, $USUAL ranks #183 on CoinGecko, with a fully diluted valuation of $571 million.
Technical Analysis
The daily chart of $USUAL depicts the formation of a symmetrical triangle, a pattern often associated with potential breakout scenarios. A breakout above the triangle’s resistance could initiate another rally, targeting higher highs and reaffirming bullish sentiment.
Immediate support lies near $0.80, reflecting investor confidence in this price zone.
While the RSI IS not overbought, $USUAL’s momentum indicates strong buying interest, bolstered by its fundamentals and ecosystem utility.
Future Potential
$USUAL’s unique proposition as a governance token tied to real cash flows, combined with its stablecoin backing and staking mechanisms, positions it for sustained growth. However, traders should remain cautious, as breakout patterns may also lead to short-term corrections.
Conclusion
The $USUAL token is making waves with its robust performance, driven by a strong listing impact and innovative ecosystem fundamentals. As the DeFi space evolves, $USUAL’s decentralized approach to stablecoin governance and intrinsic value alignment could redefine the sector. Investors and traders should watch for a breakout from the symmetrical triangle for further bullish momentum.
USUAL | UNUSUAL PUMPsUSUAL Suspects: The Stablecoin Revolution Nobody Saw Coming!
After 300% pump lets see whats unusual here
USUAL is like the cool kid of stablecoin projects focused on making secure, decentralized fiat stablecoins while letting the community call the shots. The magic happens with the USUAL token, giving users control over governance. Using multi chain tech, USUAL grabs Real World Assets (RWAs) from big league players like BlackRock and Mountain Protocol, turning them into USD0 a stablecoin that’s on-chain, transparent, and way more trustworthy than your flaky ex.
Why Is USUAL "Unusually" Cool?
1.Multi-Chain Mastery: Plays nice with multiple blockchains, so USD0 isn’t stuck on one network like your grandma’s ancient landline.
2.RWA Wizardry: Collects tokenized real-world assets from legit pros and backs the stablecoin like it’s guarding Fort Knox.
3.Power to the People: Governance is decentralized, meaning you (yes, YOU!) help steer the ship with the USUAL token
4.OnChain Transparency: USD0 is like that one friend who overshares—totally transparent and verifiable, plus it’s compatible with your favorite DeFi apps.
5. Community Takeover:It’s all about the users power, value, and decision-making are in your hands. No middlemen allowed.
USUAL’s Price Parade
- Today’s Price: $0.603 (up a spicy +23.8% in the last 24 hours).
- All-Time High: $0.632 (Dec 9, 2024 so close, yet so far at -4.57%).
- Supply Stats: 494.6M tokens circulating, with a max supply of 4B tokens.
- Trading Volume: $52.76M in the last 24 hours, traded across 2 markets and 4 exchanges (Binance being the star)
- Market Cap: $299M, grabbing 0.01% of the crypto market pie.
Basically, USUAL is doing the stablecoin hustle while keeping things unusually exciting
USUALUSDT | Buyers Are ActiveBuyer Presence: I believe there are buyers in USUALUSDT, making it a promising addition to my spot trading basket.
Price Reaction:
The price did not get a strong reaction from the blue box, suggesting it might target lower levels.
Buy Strategy:
Despite the lack of a strong response, I find it logical to remain a buyer from both blue boxes, aligning with my overall strategy.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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Unlocking USUALUSDT: The Data That Tells the Real Story - Usual◳◱ On the BINANCE:USUALUSDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.9028 | 1.0877 | 1.4627 and support near 0.5278 | 0.3377. Entering trades at 0.8451 could be strategic, aiming for the next resistance level.
◰◲ General Information :
▣ Name: Usual
▣ Rank: None
▣ Exchanges: Binance, Gateio
▣ Category / Sector: N/A
▣ Overview: Usual project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Current Price: 0.8451 ₮
▣ 24H Volume: 68,696,083.923 ₮
▣ 24H Change: 20.179%
▣ Weekly Change: 38.41%%
▣ Monthly Change: N/A%
▣ Quarterly Change: N/A%
◲◰ Pivot Points :
▣ Resistance Level: 0.9028 | 1.0877 | 1.4627
▣ Support Level: 0.5278 | 0.3377
◱◳ Indicator Recommendations :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Summary of Technical Indicators : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30 Days: 10.70
▣ Last 90 Days: 10.70
▣ Last Year: 10.70
▣ Last 3 Years: 10.70
◲◰ Volatility Analysis :
▣ Last 30 Days: 2.12
▣ Last 90 Days: 2.12
▣ Last Year: 2.12
▣ Last 3 Years: 2.12
◳◰ Market Sentiment :
▣ News Sentiment: N/A
▣ Twitter Sentiment: N/A
▣ Reddit Sentiment: N/A
▣ In-depth BINANCE:USUALUSDT analysis available at TradingView TA Page
▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content.
◲ Disclaimer : Disclaimer
The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk.
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Bitcoin: BTCUST Hitting next downside target - next set-upBitcoin: BTCUSD Update
Hitting the first downside target and should get a bounce, if so can go back to hit the central parallel and recoil, giving
another great shorting opportunity if seen with stop 50 points above the parallel as it hits it.
Returning to downside, need to cover potential for Chinese losing all faith and causing the ultimate flush out...it's
Bitcoin. We need to remember that ANYTHING can happen and be psychologically prepared for pretty much any
eventuality over the next few hours.
Still think that the best chance for recovery should be from
5098-4973 range as things stand - though there is a slim chance that this double bottom here might be the low...if so
the bounce won't stop at the parallel, but it will stop there at very best on the next rally attempt.
It's possible that 4973 will not stop the rout...it will do first time it's hit, but if that fails it will fall away to 4700 which is
last-gasp support for Bitcoin, meaning failure to hold up here at the worst will unleash another torrent of selling, including us with stops above 4700, taking
Bitcoin back to 2974 - at which case we go long again. So be careful at the 5098-4973 range...we really are looking for
evidence of a reversal there - which may be V shaped and fast. So stops need placing and only go long if 4973 or close is
touched with stop noless than 50 to 100 points away - it may get swept away...don't feel sorry a that point. It was a brave
long. React. Get short, suck it up and place a stop 50 points above 5000. if we see this price action, the first point of
support lies at 4700 . Critical, as above.
This last total wipe-out phase is not likely to happen. But it could. We need to be ready for pretty much anything.
Stay Lucky
Shakeshack: SHAK Clearly Basing out in a range SHAKESHACK:SHAK
Nice range trading, suitable for trend followers, evidently.
Still looks OK to buy, using the lower parallel as a dynamic
exit point if broken at any point before it reaches a very
obvious upside target at 39.30 -39.62 range - at which point
positions can be reversed with stops above 40.
And then if that short is taken out it will show that it's long
basing activity since IPO is at coming to an end...it should
start a staggered ascent back towards the highs, the next
near term trade being from 40.04 to 41.87.
More as move develops...