Recent News & Market Context
January 2026 has brought fresh energy to the memecoin world, with speculative coins like USELESS catching the eye of retail traders and raising eyebrows among institutional players. Recently, USELESS broke through an upward trendline that had been holding since the start of the month and dropped below a crucial price level around $0.1020. Adding to the concern, there were large transfers from major players like Wintermute and Coinbase, which suggests sellers might be taking control. Meanwhile, the memecoin sector as a whole seems to be running out of steam, with trading volumes pulling back even as prices occasionally try to bounce. Understanding this bigger picture helps make sense of what the charts are telling us.
Technical Indicators: Current Position & Momentum
Right now, the technical picture for USELESS/USDT looks pretty bearish. Both simple and exponential moving averages are flashing red across short and medium timeframes. The 14-day RSI has dropped deep into oversold territory below 30, and other momentum tools like the Stochastic RSI and MACD are all pointing down. Williams %R, CCI, and ROC tell the same story, while the ADX reading is high, which means we’re looking at a genuine trend rather than just random price swings. The breakdown from those trendlines and support areas shows that buyers are struggling to keep things afloat, at least for now.
Support & Resistance Zones
The main wall to climb sits around $0.0926, which lines up nicely with the 50% Fibonacci retracement from recent peaks. If USELESS can push past that level, we might see it head toward $0.11 or even $0.12, though those zones saw plenty of selling before and could get crowded again. On the flip side, the key floor to watch is around $0.0695—this matches up with the 61.8% Fibonacci level and some old support areas. If that breaks, things could get ugly fast, with the next stop potentially down at $0.05 or even lower depending on how the market’s feeling.
Price Forecast: Scenarios Based on Technical Inputs
Looking at what we’ve got, here are two realistic paths USELESS might take in the coming weeks:
Bearish Base Case: In this scenario, the coin just can’t get above that $0.0926 resistance and instead heads down to test $0.0695. If big players and exchanges keep moving coins out to sell, this support level might not hold. Breaking below it could send USELESS tumbling into the $0.05–$0.06 range. With everything oversold and volume thin, this drop could happen quicker than you’d think if buyers don’t show up.
Moderate Reversal Case: If we see a daily close above $0.0926 with decent volume and maybe a MACD crossover turning positive, USELESS could make a run back toward $0.11–$0.12. That would represent a nice technical recovery, though breaking through that resistance won’t be easy given past selling pressure. Getting above $0.12 might open the door to $0.15–$0.17 if the memecoin sector catches fire again and retail traders pile back in, but honestly, the upside looks limited unless the broader market gets more friendly.
Key Metrics to Monitor
To catch the next move before it happens, keep an eye on these indicators:
- Daily volume—does it back up any breakout attempts, or are moves happening on thin air?
- Exchange wallet activity—large deposits usually mean incoming selling, while withdrawals often signal people holding for the long haul.
- RSI and stochastic readings hitting rock bottom, which sometimes precedes a quick bounce even in downtrends.
- Price action around those Fibonacci levels, especially the 50% and 61.8% marks, since traders love to react at these spots.
- The overall vibe and volume in the memecoin market, since USELESS tends to move with the pack when it comes to these speculative plays.
Trading around $0.074 right now, USELESS is sitting in a tough spot. If $0.0926 keeps acting as a ceiling, there’s still a chance for a bounce toward $0.11–$0.12. But if that $0.0695 floor gives way, we could be looking at much deeper losses ahead. With the technical signals looking weak across the board, anyone holding or thinking about buying should be extra careful and use tight stops until we see clearer signs that the tide is turning.
