- USELESS surged nearly 60% in 24 hours, extending its seven-day gain above 238%.
- Open interest surpassed $100 million, signaling sharply increased speculative participation.
- Positive spot flows and Bybit Alpha access could provide further support for USELESS.
Useless Coin (USELESS) has extended its explosive rally, gaining nearly 60% within 24 hours. The token now trades around $0.2443 after rising 238.70% over seven days. Its market capitalization has reached roughly $244.6 million, supported by about $201 million in daily trading volume. The latest surge has pushed USELESS into a highly speculative phase.
Breakout Momentum Raises Expectations
USELESS has moved sharply beyond its previous $0.07–$0.08 consolidation range. The price now sits above its major daily moving averages. Consequently, the technical structure favors buyers while momentum remains elevated.
The $0.235–$0.24 area now represents the first major test. A sustained move above that zone could send USELESS toward $0.25. Additionally, continued buying could extend the rally toward $0.30.
The token also has a larger technical target near $0.4375. That level represents its reported all-time high. However, traders face considerable downside risk after such an aggressive advance.
The $0.1924 level offers the first important support during a potential retracement. Below it, $0.1583 becomes the next significant area. Deeper support appears between $0.1344 and $0.1104.
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The extreme Bollinger Band reading also highlights stretched conditions. Therefore, short-term consolidation could emerge even if the broader trend remains bullish.
Open Interest Signals Rising Speculation
Derivative traders have also increased their exposure considerably. USELESS open interest recently climbed above $100 million for the first time. It reached approximately $110.76 million on September 4.
Open interest previously remained mostly between $10 million and $35 million. However, traders rapidly increased positions during the late-August price acceleration.
This expansion confirms stronger speculative participation around the breakout. Significantly, elevated leverage can amplify gains and losses during volatile moves.
A sharp decline in open interest could therefore accompany a rapid price correction. Conversely, sustained positioning above $100 million would reinforce the current bullish narrative.
Bybit Alpha Expands Market Access
Bybit Alpha has also added USELESS to its on-chain trading lineup. The integration allows users to trade the token through their Unified Trading Account.
Additionally, traders can use USDT, USDC, SOL, or BBSOL for purchases. They can also manage their holdings through the same trading interface.
Spot Flows Show Signs of Improvement
USELESS spot flows have historically shown stronger selling than buying. Several major outflow spikes exceeded $1 million during previous periods. However, buying activity has recently improved, particularly around late August.
Significantly, September 4 produced roughly $1.08 million in net inflows. That move suggests fresh accumulation could support the ongoing price advance. Sustained positive flows would provide stronger confirmation for the bullish outlook.
Technical Outlook For Useless Coin Price
Key levels remain clearly defined as USELESS extends its explosive September rally:
Upside levels: $0.25 and $0.30 represent the next psychological hurdles. A sustained breakout above $0.30 could open the path toward $0.4375, the reported all-time high.
Downside levels: $0.1924 provides the first major support, followed by $0.1583. A deeper correction could expose the $0.1344-$0.1104 zone.
Resistance ceiling: The $0.235-$0.24 region remains the immediate breakout barrier. Flipping this zone into support would strengthen the bullish structure and potentially accelerate the next move higher.
Will Useless Coin Go Up?
USELESS price prediction now hinges on whether buyers can sustain momentum above $0.235-$0.24. The token’s rapid advance has pushed it far above its major daily EMAs, while the elevated Bollinger Band reading signals exceptionally strong momentum.
Moreover, open interest has surged to a record $110.76 million, showing aggressive participation from leveraged traders. However, this expansion also increases liquidation risks if momentum suddenly reverses.
Spot flows provide another developing bullish signal. USELESS recorded approximately $1.08 million in net inflows on September 4, suggesting renewed accumulation after prolonged selling pressure.
If buyers hold the breakout and flows remain positive, USELESS could challenge $0.25 and $0.30. A stronger breakout could eventually bring $0.4375 into focus. However, losing $0.1924 would weaken the setup and expose the token to $0.1583.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
