USELESS Price Correction Tests $0.29083 Support
Useless Coin (USELESS) took a hit as the crypto market corrected and high-beta assets felt pressure. The meme token lost 13.19% of its value over the last 24 hours, with trading volume decreasing by 23.73% in the same period.
The decline is attributed to broader market weakness, rather than an issue specific to USELESS. A $1.68 million supply unlock added pressure, but large holders continued withdrawing tokens from exchanges, limiting available liquidity.
Despite these challenges, the technical price structure remains intact, with buyers defending the key $0.29083 support level. The RSI indicator has stabilized around 61.38, and the Parabolic SAR is below the market price, preserving the recovery structure.
If USELESS can hold its current support, it may revisit the $0.3460 region and challenge the rejection area. A strong price breakout above this level could expose the $0.4000-resistance level.