USELESS Rallies Above $0.26 on Strong Breakout Potential and Upbit Listing

The meme coin USELESS (USELESS) continues its upward trajectory, trading above $0.26 on Tuesday after experiencing a 260% rally from lows near $0.15 on September 1 to a peak of approximately $0.32 last Saturday.

This impressive surge has led to strong breakout potential for the coin, with a decisive move above the critical $0.30 resistance level reinforcing the bullish sentiment and significantly improving the probability of a continued rally toward the $0.40 mark.

The listing of USELESS on Upbit, one of South Korea's leading cryptocurrency exchanges, may also contribute to its growth, featuring key trading pairs including Bitcoin (BTC) and Tether (USDT) on the Solana (SOL) network.

However, despite this support, the derivatives market shows declining retail demand, with futures Open Interest (OI) softening to 461 million USELESS on Tuesday, down from 483 million USELESS the day before and 638 million USELESS last Wednesday. If the sell-off in the derivatives market persists, USELESS may lack the tailwind needed to sustain a continued uptrend.