Current State: Price Action, Market Sentiment, and Drivers
USELESS is going through a rough patch right now, trading around $0.0605 after dropping about 8.7% in the last 24 hours. The volatility here is pretty intense. What’s happening with USELESS isn’t happening in a vacuum—the whole memecoin sector has been struggling lately, with big names taking heavy hits and retail traders losing interest. Looking at on-chain data, we’re seeing whales dump their bags—more than $233,000 worth sold just this past week. That’s not exactly encouraging. The technical picture backs up the bearish sentiment: the RSI is sitting in oversold territory below 40, the MACD is flashing weak signals, and price is stuck below important moving averages like the 50-day EMA around $0.087. Everything points to a market that’s hurting, not healing.
Digging deeper into the technicals, things look extremely oversold. The RSI(14) is way down at about 19, the Stochastic RSI is basically at rock bottom, and Williams %R is deeply oversold too. On the upside, there’s a wall of resistance clustered right above us—$0.0673, $0.07195, up to around $0.0782. On the downside, support levels are spread out at $0.0564, $0.0501, and $0.0454. So there’s definitely room to fall if the selling doesn’t let up.
Indicator-Based Forecast: What the Charts Suggest Next
Short-Term (Next 1-2 Weeks)
Looking ahead to the next week or two, we’re probably going to see price bounce around between that major support at $0.056 and resistance near $0.067. Since we’re so oversold right now based on RSI and Williams %R, we could definitely see some relief bounces toward that $0.067 level, especially if buying volume picks up. But here’s the thing—unless buyers can push through and reclaim that 50-day EMA, any rally is probably going to fizzle out at resistance. There’s still a real risk we drop down to that $0.045–$0.056 support zone if the selling keeps up or if memecoins generally continue to bleed. To get a genuine reversal going, we’d need to see a solid close above $0.067 backed by good volume and ideally a bullish MACD crossover.
Mid-Term (1-3 Months)
Looking out one to three months, I’d say we need to stay cautious. If USELESS can actually break through and hold above $0.087 to $0.090, that would flip the medium-term trend from bearish to at least neutral, maybe even mildly bullish. In that scenario, we could test resistance up around $0.110-$0.125. But that’s a big “if”—it really depends on the overall memecoin sector bouncing back and those whales stopping their selling spree. On the flip side, if resistance keeps rejecting price attempts to climb higher, we’re probably looking at consolidation between $0.050 and $0.067. And if we lose that $0.050 level? That could get ugly fast, potentially sliding down to $0.030-$0.040.
Risks & Catalysts: What Could Change the Trajectory
Catalysts for upside: The biggest thing that could turn this around would be renewed interest in memecoins, maybe sparked by a broader crypto market rally. Positive on-chain metrics would help too—think whales starting to accumulate instead of dump, or rising active addresses showing real user engagement. New exchange listings could provide a boost. From a technical standpoint, reclaiming those key EMAs and seeing the MACD flip positive would be important confirmation. Breaking above those resistance zones at $0.067–$0.078 with solid volume would really get bulls excited.
Risks to watch: The whale selling could continue, which would keep a lid on any rallies. There might also be a broader rotation out of speculative memecoins into more serious projects or traditional assets. Macro factors like interest rate decisions or regulatory crackdowns could hit the whole crypto space. Technically, if we see a death cross where the 50-day MA drops below the 200-day MA, that would confirm the bearish trend is entrenched. And with USELESS being a smaller coin, low liquidity could make any downward moves even more dramatic.
Price Prediction Scenarios
Base Case: Most likely, USELESS continues trading in a range between $0.050 and $0.070 over the near term, with that $0.067 resistance acting as a ceiling unless something changes. We might see a modest bounce toward $0.08 if momentum picks up, but that really depends on sentiment improving across the memecoin space.
Bull Case: If buyers can push through that $0.078 resistance with strong volume behind them, we could see gains toward $0.110-$0.130. Over three months in a really favorable environment, price could even work its way up toward $0.150. But this scenario requires pretty much everything going right.
Bear Case: A breakdown below $0.050 would be bad news, likely opening the door to $0.030-$0.040, especially if fear spreads through the broader market. In this scenario, volatility would probably increase significantly, and those negative technical indicators could create a snowball effect with steeper losses.
