Recent Developments & Market Context
Useless Coin is a Solana-based memecoin that’s more about making a statement than offering any real utility. Over the last few weeks, it’s been all over the place price-wise. There’s just under 1 billion tokens floating around out there, and the mint authority was permanently shut down at launch, which means no one can create more tokens and dilute the supply. The coin got some early love from well-known figures in the Solana community and built up a decent following right out of the gate. But here’s the thing—USELESS doesn’t do staking, governance, or generate any revenue. Its value rides entirely on hype, speculation, and how people are feeling about it on any given day.
Looking at what’s happening on-chain lately, some bigger players (whales) have been scooping up positions worth $40K to $100K, and tokens are moving off exchanges, which suggests people aren’t in a rush to sell. That’s usually a good sign when liquidity tightens up like that. But here’s where it gets confusing—different price sources are all over the map. CoinGlass shows USELESS trading around $0.03395 with less than $2 million in daily spot volume, while futures open interest sits at about $8.7 million. Meanwhile, KuCoin and CoinDesk show prices closer to $0.12–$0.13 with double-digit gains. That kind of difference tells you liquidity is scattered and the spread between buyers and sellers is pretty wide across different platforms.
Technical Indicators & Price Action Analysis
Looking at the current data—USELESS sitting around $0.03782 after dropping more than 10% in the last 24 hours—it’s clear we’re in short-term correction mode. Here’s what the charts and indicators are telling us:
Moving Averages: We don’t have super fresh SMA data across all timeframes, but older analysis points to resistance hanging around $0.05 and solid support near $0.04. If it can push past $0.05, there’s room to run higher. If it can’t hold, we might see it test $0.03 or even lower.
Relative Strength & Momentum Indicators: Back in the fall of 2025, the RSI was hovering around 44 during some consolidation periods—not overbought, not really oversold, just leaning a bit bearish. If the RSI dips below 30 now, that would signal oversold territory, but you’d need volume to pick up before any real reversal kicks in.
Volume & Liquidity: Spot trading volume is pretty thin right now based on recent numbers, though futures markets are seeing more action—including a lot of short positions. The fact that whales are building positions while exchange supplies drop could create some upward pressure, but the weak liquidity means big orders can swing the price pretty dramatically.
Support and Resistance Zones
• Immediate resistance: ~$0.050 – nice round number plus previous highs.
• Major resistance zone: ~$0.08–$0.12 – area where the price consolidated before and where sellers showed up in the past.
• Key support: ~$0.030–$0.035 – recent lows and where the order book shows some depth.
• Stronger support: ~$0.020–$0.025 – previous levels where buyers stepped back in during earlier drops.
Price Forecast Scenarios
Based on what we’re seeing now and assuming nothing crazy happens on the regulatory or news front, here’s how things could play out for USELESS in the near term:
Bullish Case: If the mood shifts and people get excited again—maybe from new exchange listings, viral tweets, or whales piling in—USELESS could climb back to $0.05 and potentially push toward $0.08 over the next few weeks. Breaking cleanly above $0.08 might open the path to $0.12–$0.15, though expect some resistance and profit-taking along the way.
Neutral-Bearish Case: Without a surge in volume, the correction could drag on. The most likely scenario is bouncing between support around $0.03 and resistance near $0.05, just trading sideways. If support fails, we could see it slide down toward $0.025.
Longer-Term Outlook: Getting back to $0.10 or higher would take some serious viral momentum, solid community growth, and probably getting listed on bigger exchanges. The old high near $0.44 is pretty far off unless something fundamental changes in how the market views this token.
Risks & Key Signals to Watch
There are a few important things to keep an eye on that could shift where this thing goes:
• Volume spikes — If spot volume suddenly jumps, that’s a sign people are getting interested again and could mean a trend reversal is coming.
• Exchange outflows — If tokens keep leaving exchanges, that reduces selling pressure and could support a move up.
• Derivatives market sentiment — A lot of shorts could lead to a squeeze, but it also means more volatility and risk.
• Momentum divergence — Watch for bullish divergences on the RSI or MACD as price approaches support—that’s when reversals become more likely.
• Social and community catalysts — Meme coins live and die by narrative. Marketing pushes, influencer shoutouts, or trending tweets can flip sentiment on a dime.
