08.09.2025 02:05

Fuelled by social media buzz, USELESS Coin experienced an 18% price surge, sparking interest in its potential for further gains. According to internet sources, the meme coin has seen elevated social sentiment, holding its position as the leading token within the BONK ecosystem. Data from LunarCrush reveals that social activity surrounding USELESS now accounts for 0.15% of all cryptocurrency-related discussions.

Technical analysis reveals that this price rally followed a breakout from a falling wedge pattern, with the price action adhering to a support trendline on the hourly chart. While On Balance Volume has improved from recent lows, the Moving Average Convergence Divergence (MACD) indicates weakening buying momentum. Furthermore, despite these recent gains, USELESS is still trading significantly below its all-time high.

For USELESS Coin to sustain its upward trajectory, it requires more than just positive sentiment; capital inflow, favorable market conditions, and demonstrable utility are all crucial factors. Open Interest, which had previously declined, has begun to recover, reaching $27.37 million. Bybit, OKX, and Binance are key contributors to this trading activity.

However, the relatively low trading volumes, significantly lower than those observed in mid-August, could hinder the meme coin's ability to reach its near-term target of $0.36. The resilience of buyers in the face of these challenges appears to be a key factor supporting USELESS Coin's ongoing momentum.