USELESS Surges 10% After Finding Support at Fibonacci Golden Zone

USELESS, a token known for its volatility, has bounced back strongly after finding support at the Fibonacci golden zone. This technical level has been closely watched by traders, and the token has responded with two consecutive days of gains, including a 10% surge in the past 24 hours. The rebound has also kept the price above its key exponential moving averages (EMAs), indicating that buyers continue to dictate the trend.

According to AMBCrypto's recent analysis, USELESS' on-chain and derivatives data favor the bulls. The token's social volume has climbed to its highest level this week, and its aggregated Funding Rates have reached weekly highs, suggesting bullish positioning is becoming more dominant in the derivatives market.

The significant liquidity cluster around $0.36, worth roughly $331K, is now in focus. This level presents a major area of interest for network buyers and holders, and a successful move into this area would reinforce the strength of the recent bounce.

The long-term market structure remains constructive as long as the USELESS buyers defend the recent breakout. With rising social engagement and stronger Funding Rates, bullish sentiment is continuing to build. If these conditions persist, the liquidity cluster at $0.36 could become the next destination before traders evaluate higher resistance levels.