USELESS Surges 10% as Bullish Momentum Builds
USELESS has staged a notable rally, gaining 10% in the last 24 hours after finding support at the Fibonacci golden zone. This move marks two consecutive days of gains for the token, outperforming most other memecoins except PUMP. The price has remained above key exponential moving averages (EMAs), indicating strong short-term buying pressure.
On-chain data and derivatives activity are aligning with the bullish technical outlook. Social volume for USELESS has surged to its highest level this week, reflecting growing interest within the crypto community. Meanwhile, aggregated Funding Rates have also reached weekly highs, signaling increased bullish positioning in the derivatives market. The Funding Rate currently stands at 0.025%, up sharply over the past two days.
With momentum building, traders are eyeing a significant liquidity cluster around $0.36, worth approximately $331K. Historically, USELESS has retested key liquidity zones, and this level could be the next major area of interest for network bulls. A successful move into this zone would further validate the recent bounce from Fibonacci support.
The long-term market structure remains favorable as long as buyers defend the recent breakout. Holding above key EMAs, combined with rising social engagement and stronger Funding Rates, suggests that bullish sentiment is strengthening. If these conditions persist, the liquidity cluster at $0.36 may become the next target before higher resistance levels are tested.