USUAL/USDT Rebounds From Key Fibonacci Level, Eyes Resistance Amid Consolidation

USUAL/USDT rebounds from $0.8822, consolidates above $0.90, and tests key resistance at $1.0459 amid cautious market activity.

Critical support at $0.9399 and $0.8574; upside targets at $1.1432, and $1.2275 signal potential bullish momentum.

Price action shows consolidation, with sweep and premium zones highlighting liquidity for directional movement amid cautious sentiment.

The USUAL/USDT pair has demonstrated a rebound, recovering from its 0.75 Fibonacci retracement level near $0.8822. After bouncing from this key level, the price reclaimed a crucial 1-day low established weeks ago. The blue line marks the dollar-cost averaging (DCA) zone, while stop-loss levels remain below the 0.75 low. This movement signals growing interest among buyers, despite the lingering corrective trend observed in recent sessions.

Source: Scient

Key Resistance and Support Zones

The pair reached a peak of $1.4755 during its recent rally, followed by a series of lower highs and lows. The decline aligned with a descending trendline, eventually finding support near $0.8272. This level is the lowest point of the current retracement phase. Buyers have since stepped in, pushing the price toward key resistance levels of $1.0459 and $1.0799.

The $1.0132 pivot zone serves as a critical area for potential price movement. Upside targets include $1.1432, $1.2275, and $1.3180. These levels represent resistance zones for further bullish continuation. Conversely, immediate supports lie at $0.9399 and $0.8574, indicating potential downside risks if momentum falters.

Market Dynamics and Future Projections

The 4-hour chart reveals a parabolic rise followed by a correction that transitioned into a consolidation phase. The sweep and premium zones highlight liquidity areas where price action could be tested before resuming directional movement. The price now consolidates above the $0.90 horizontal support, forming a base for possible upward movement.

The projected path suggests retracement into the premium zone before encountering resistance and resuming the downward trend. Meanwhile, trading activity reflects indecision, as alternating bullish and bearish candles indicate market participants’ cautious approach.

Source: polaris_xbt

This environment indicates the importance of critical support and resistance zones. If bullish momentum sustains, higher resistance levels could become achievable. However, a breach below immediate support could invalidate recovery attempts.

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