Useless Coin Defies Market Sentiment with 15% Rally
Useless Coin (USELESS) has been on a tear lately, defying the overall market sentiment by rallying over 15% in the past 24 hours. This unexpected surge puts it ahead of major cryptos like Bitcoin (BTC), Solana (SOL), Dogecoin (DOGE), and PEPE.
The memecoin's strength can be attributed to social sentiment, particularly from Key Opinion Leaders (KOLs) on X, such as Bonk Guy. However, the question remains whether USELESS can continue its upward trajectory.
An analysis of the memecoin's charts reveals that it has broken out of a consolidation pattern in the form of a triangle, potentially signaling the end of its correction phase. The $0.33 level remains a hurdle for USELESS to reach its all-time high (ATH) of $0.4375.