Useless Coin Price Prediction: Can USELESS Hold After the 60% Rally?

USELESS has turned into one of the more electric setups on crypto charts this week, and the Useless Coin price prediction conversation right now is less about whether the rally is real and more about how far an already stretched market can extend. 

The token has jumped roughly 60% in the past 24 hours to trade near $0.235, part of a move that has added more than 400% over the last month.

That kind of vertical move usually invites one question from traders watching the tape: is this strength sustainable, or has it gone too far too fast?

Why Is USELESS Price Rising So Fast?

Part of the answer lies in positioning rather than price alone. USELESS spent weeks compressing inside a tightening channel before breaking out with real force, and that breakout appears to have caught a meaningful share of short sellers wrong-footed.

As one of the more active Solana meme coins launched through Raydium's platform, 

As per solscan.io, USELESS has also seen its holder base grow steadily, now near 48,890 addresses, a sign that participation is broadening rather than concentrating in a handful of wallets rather than staying limited to early buyers.

Are USELESS Derivatives Traders Bullish?

According to CoinGlass, futures markets back up the intensity of the move. Open interest has climbed from around $20 million in mid-August to above $110 million within days, and current data puts it closer to $138 million, showing traders are willing to add fresh leveraged exposure into the rally rather than fade it.

Twenty-four-hour futures volume near $1.53 billion, led by Binance and OKX, confirms this is not a thin, illiquid move.

Liquidation data tells the sharper part of the story. 

Over the past 24 hours, short positions accounted for the overwhelming majority of forced closures, close to $3.89 million against roughly $832,000 on the long side, and the 4-hour window shows the same skew with $759.26K in short liquidations versus $127.52K in longs. 

That imbalance points to a short squeeze doing real work underneath the headline percentage gain, not fresh spot buying alone.

Yet positioning remains mixed rather than one-sided. Long-to-short account ratios on Binance sit at 0.7027, on OKX at 0.64, and top trader ratios on Binance read 0.6134 for accounts and 0.9672 for position size, meaning short accounts still outnumber long accounts across the board even after the squeeze. 

That mismatch between price action and positioning is worth watching, since it leaves room for either another squeeze leg higher or a sharper reversal if sentiment flips.

USELESS Price Performance

On price performance, the token is up about 14% over four hours, over 60% across 24 hours, and roughly 239% over the past week, with 30-day gains near 409% and year-to-date gains above 269%. 

The move has been largely one directional, with limited meaningful pullback since the breakout began.

What Does the USELESS Daily Chart Show?

The TradingView daily chart tells a clear structural story. USELESS traded inside a defined range for months before compressing into a rising channel and then snapping decisively higher, closing well above the top of that prior range.

The breakout candle printed a high near $0.2352 against a low around $0.1948, an unusually wide daily range for a token that had been comparatively quiet. 

Momentum confirms the strength of the move, with the relative strength index reading above 90, an extreme level that typically signals an asset is stretched in the short term rather than a standalone reversal signal.

Resistance now sits at $0.30829, followed by $0.44464, $0.50412, and $0.59982 further out. 

A confirmed close above $0.30829 would likely open the door toward $0.44464, since that would clear the first real supply zone above the breakout. 

Failure to hold current levels would put support at $0.10023 back in focus, with deeper cushions near $0.05791 and $0.03088 if the broader breakout structure were to fail entirely.

Useless Coin Price Prediction: What Comes Next?

The near-term path likely hinges on whether buyers can digest the current overbought reading without giving back the breakout.

If the price holds above the $0.10023 to $0.20 zone that previously acted as resistance and now needs to act as support, a move toward $0.30829 remains a reasonable base case. 

A sustained break above that level, supported by continued short covering, could bring $0.44464 into view over subsequent sessions. 

On the downside, sustained rejection near current levels combined with an unwind in open interest would suggest the rally needs to cool before extending further, with $0.10023 as the first meaningful area to watch if momentum fades.

Expert Take: Why Overbought Does Not Mean Overdone

As per the CoinGabbar analyst. The first is whether USELESS can hold its breakout structure, which the chart currently supports given the strength of the move away from the prior range. 

The second is whether the current pace is sustainable in the short term, which an RSI above 90 suggests is unlikely without at least a consolidation phase. The key confirmation to watch is whether pullbacks toward the $0.20 area get bought quickly or start to deepen, since that would signal the squeeze fuel is running out. 

The main risk to the setup is a rapid unwind in open interest, which could accelerate any pullback given how much leverage has entered the market over the past week.

Conclusion

USELESS has delivered one of the sharper breakouts across the meme coin market this month, and the combination of a genuine chart breakout, a real short squeeze, and rising participation gives the move more substance than a typical low liquidity spike.

At the same time, an RSI above 90 and a long/short ratio that still favors shorts on major exchanges mean the setup carries real two-way risk. 

Traders following the Useless Coin price prediction story from here will likely focus less on the next headline number and more on whether $0.10023 holds as support on any pullback.

Disclaimer: This article is for informational purposes only and should not be considered financial or investment advice. Cryptocurrency markets are highly volatile, and prices can change rapidly. Readers should conduct their own research before making any investment decisions.