Deep Dive
1. Token Unlock Sell Pressure (Bearish Impact)
Overview:
On 11 November 2025, USUAL unlocked 175 million tokens (18.87% of circulating supply), per Wu Blockchain. Such events often lead to short-term selling as early investors and teams liquidate holdings.
What this means:
The unlock coincided with USUAL’s 30-day price decline of -18.9%, suggesting sustained selling pressure. With only $8.3M in 24h trading volume, the market struggles to absorb new supply without price slippage.
What to watch:
Holders’ on-chain movements – large transfers to exchanges could prolong downside.
2. Bearish Technical Structure (Mixed Impact)
Overview:
USUAL trades below all key moving averages (7-day SMA: $0.0264; 30-day SMA: $0.0295), and the RSI-14 sits at 43.62, neither oversold nor bullish. The MACD histogram remains negative, reinforcing bearish momentum.
What this means:
Technical traders often interpret sustained breaks below SMAs as signals to exit positions. The lack of bullish reversal patterns (e.g., higher lows) suggests weak buying interest.
Key level to watch:
A sustained break above the 30-day SMA ($0.0295) could signal trend reversal.
3. Risk-Off Altcoin Sentiment (Bearish Impact)
Overview:
The crypto Fear & Greed Index sits at 25 (“Fear”), while Bitcoin dominance holds at 58.57%, per CoinMarketCap. Investors favor Bitcoin over altcoins during uncertainty.
What this means:
USUAL’s 90-day correlation with Bitcoin is +0.72, but its smaller market cap ($39.3M) makes it more vulnerable to liquidity shifts. Declining altcoin season metrics (Bitcoin Season Index: 21) reflect capital rotation away from riskier assets.
Conclusion
USUAL’s decline reflects a mix of token unlock oversupply, weak technicals, and a risk-averse market. While its revenue-sharing model (70% buybacks, 30% staker rewards) offers long-term value, short-term headwinds dominate.
Key watch: Can USUAL’s buyback program counterbalance unlock-related selling? Monitor on-chain buyback activity for clues.