USUALUSDT Breaks Out — But Momentum Wavers Afternoon

Summary
• Price surged from 0.01221 to 0.01293 before consolidating near 0.01281.
• A bullish engulfing pattern formed near 0.0122–0.0123 level early in the session.
• RSI hit overbought territory mid-session, followed by a pullback.
• Volume spiked during the 20:15–20:30 ET rally, confirming momentum.
• Bollinger Bands expanded during the breakout, indicating rising volatility.

Market Overview
Usual/Tether (USUALUSDT) opened at 0.01221 on 2026-04-07 12:00 ET and traded as high as 0.01293, finding support near 0.01221 before closing at 0.01281 at 12:00 ET. Total 24-hour volume amounted to 61.16 million units, with a notional turnover of 766,124.33 USD.

Structure & Formations

The price action exhibited a bullish engulfing pattern during the 16:30–16:45 ET session, as it moved from 0.0122 to 0.01228, signaling potential buying pressure. A key resistance level emerged at 0.01235–0.01237, which the price tested multiple times before breaking higher. A doji formed at 21:45 ET near 0.01234–0.01244, suggesting indecision. The 0.01221–0.01224 range acted as a strong support level early in the session.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages crossed to the upside around 20:15 ET, confirming a short-term bullish trend. The daily chart showed the price above its 50- and 100-period moving averages, with a marginal pullback toward the 200-period MA indicating a possible consolidation phase.

MACD & RSI

MACD crossed above the zero line around 20:15 ET, coinciding with a strong price breakout. RSI reached overbought levels (70+) by 22:30 ET, followed by a pullback toward 61, indicating a possible profit-taking phase. Divergence between RSI and price was observed between 02:00 and 03:45 ET, signaling caution.

Bollinger Bands

The Bollinger Bands widened significantly during the 20:15–22:45 ET rally, indicating rising volatility. Price remained above the upper band for a short period before retracting. The 0.01221–0.01224 level also aligned with the lower band during the morning session, acting as a floor.

Volume & Turnover

Volume spiked during the 20:15–20:30 ET rally, with 11.03 million units traded at a high of 0.01244, confirming the breakout. Notional turnover also surged, reaching a peak of 17.56 million USD at midnight. However, volume declined after 04:45 ET, as the price consolidated, suggesting a possible pause in momentum.

Fibonacci Retracements

On the 5-minute chart, the price retested the 61.8% retracement level of the 0.01221–0.01234 swing at 0.01228–0.01229 during consolidation phases. On the daily chart, the 38.2% retracement level of the 0.01221–0.01263 move was at 0.01239, which the price touched briefly before moving higher.

Looking ahead, USUALUSDT appears poised to test the 0.01285–0.0129 level, with a potential pullback to the 0.0127–0.01274 range if volatility declines. Investors should remain cautious for divergence in RSI and watch for a breakdown below the 0.01266–0.01268 support, which could signal a reversal.