Recent Market Conditions and News Catalysts
USELESS/USDT is currently sitting at around $0.0606, down roughly 5.26% in the last 24 hours. This drop isn’t happening in isolation—it’s part of a wider pullback across the memecoin space, which has been lagging behind Bitcoin and the bigger altcoins so far this year. What’s concerning is that whale wallets have been exiting positions, with over $230,000 flowing out in the past week alone. That kind of activity adds serious selling pressure. Looking at the on-chain data and what’s happening across similar tokens, it’s pretty clear this isn’t just a USELESS problem—traders are rotating away from these higher-risk speculative plays. Technically speaking, the coin is struggling. There’s heavy resistance around $0.136 that hasn’t budged, and price has fallen below the 50-day exponential moving average. The Relative Strength Index is hovering between 38 and 40, which suggests oversold conditions, but we’re not seeing any real signs of a turnaround just yet.
Technical Indicator Breakdown
When you look at the daily moving averages, the picture is mostly bearish with a few mixed signals. The shorter-term averages—the 5-, 10-, and 20-day—occasionally show a little upward momentum, but the 50-day EMA has been broken to the downside. Even worse, both the 100- and 200-day moving averages are sitting well above current prices, creating strong resistance zones. As for momentum indicators, they’re not inspiring much confidence either. The RSI at 38-40 shows persistent weakness with occasional dips into oversold territory. The MACD histogram has just started showing a tiny bit of bullish divergence, but it’s still underwater. The Stochastic RSI is sitting somewhere between neutral and slightly oversold. Trading volume has been pretty quiet too—not nearly enough to confirm any kind of reversal or breakout.
Support and Resistance Zones
The nearest support level looks to be in the $0.060–$0.070 range, where the price has found some footing before. If it breaks below $0.060, though, we could be looking at a drop toward the $0.040-$0.050 area where stronger support might hold. On the resistance side, there’s a cluster between $0.086-$0.095—these levels are where previous support turned into resistance after breaking down, and where past rally attempts have failed. To really change the narrative and get people feeling bullish again, USELESS would need to push above $0.12–$0.14.
Price Prediction Scenarios
Looking ahead over the next few weeks to a few months, there are really two main paths USELESS could take:
Scenario A: Bearish Continuation
If whales keep selling and volume stays this quiet, we’re probably headed down to test that $0.040-$0.050 support zone. This would likely get worse if the broader memecoin sector keeps struggling or if the overall crypto market weakens. In this scenario, technical indicators like the MACD could turn sharply negative, and the RSI might drop below 30 into extreme oversold territory. Those resistance levels starting at $0.086 would act like ceilings, rejecting any bounce attempts and pushing price back down.
Scenario B: Reversal and Partial Recovery
On the flip side, if we get a short squeeze or sudden buying interest—maybe from money rotating back into memecoins or a new exchange listing announcement—USELESS could start climbing back. The first real test would be breaking through that $0.086-$0.095 resistance zone. If it manages to push through there with solid volume backing it up, the next target would be $0.12-$0.14 over the medium term. For this to work, though, price needs to get back above the 50-day EMA and break through those areas where sellers have been in control. And even if all that happens, getting anywhere close to all-time highs would require the entire memecoin market to heat up again and big holders to start accumulating instead of dumping.
