Deep Dive
1. Macro-Driven Market Decline
Usual moved in lockstep with Bitcoin, which fell 1.64% amid rising US-Iran tensions and another day of net outflows from US spot Bitcoin ETFs (CoinDesk). The total crypto market cap dropped 1.7%, reflecting a broad risk-off shift.
What it means: USUAL acted as a high-beta altcoin, amplifying the market's downward move without a coin-specific catalyst.
Watch for: Any stabilization in Bitcoin above $66,000, which would likely curb further downside for correlated alts.
2. Elevated Selling Pressure
Trading volume for USUAL surged 40.99% to $4 million during the price drop. This higher volume confirms the move was driven by genuine selling interest rather than thin, illiquid trading.
What it means: The decline was accompanied by increased market activity, suggesting traders were actively exiting positions.
3. Near-term Market Outlook
The immediate path for USUAL is tied to Bitcoin's range between $66,000 and $70,000. USUAL's nearest support is the current zone around $0.0157. A daily close for Bitcoin below $65,650 could trigger a broader altcoin selloff, pushing USUAL toward $0.0150. Conversely, a Bitcoin rebound above $68,800 may help USUAL reclaim $0.0160.
What it means: The bias is neutral-to-bearish until Bitcoin finds directional conviction.
Watch for: USUAL's volume profile—sustained high volume on down days would signal continued distribution.
Conclusion
Market Outlook: Cautiously Bearish
Usual's drop was a function of macro headwinds pressuring the entire crypto complex, compounded by notable selling volume.
Key watch: Monitor Bitcoin's ability to hold the $66,000 support and USUAL's volume on any rebound attempt for signs of buyer conviction.