USELESS jumps 17% as whales load up – Why THIS support is KEY!

ambcryptoPublicado a 2026-03-02Actualizado a 2026-03-02

Resumen

USELESS Coin surged over 17% in 24 hours, significantly outperforming the broader crypto market. The rally was driven by substantial capital inflows from top traders, whales, and new wallets. Data showed a 3x spike in net flows from top traders and a 1.6x increase in whale activity, while fresh wallets added $351K—a 220% rise. The price moved from a key support level at $0.036 to above $0.045 but began pulling back. Technical indicators suggest the coin is trading in a sideways range, with a break above $0.045 potentially leading to $0.055, while a drop below $0.036 could trigger further declines. The memecoin remains in a critical decision zone.

Useless Coin [USELESS] was among the best-performing memecoins during the day as the crypto markets rebounded following the death of Iran’s supreme leader. USELESS rallied over 17% in 24 hours, outpacing the entire crypto market, which rose by 4.71%.

As war tensions cooled off, capital was flowing into the memecoin alongside others like Bitcoin [BTC], which shot up to $67K. Hence, who was responsible for this capital injection that day?

Capital inflows surging

Data from Nansen AI showed that buying and liquidity had exploded over the past day.

For instance, the Top PnL traders loaded $75K in net flows, which was a spike of 3x from the average daily inflows. The simultaneous purchases by four wallets in this bracket indicated coordinated conviction.

Whales were not left behind either.

Their net flow of $60K exceeded their normal buying by 1.6X as holdings grew by $2 million, reaching $77 million. These orders came in bits that averaged over 340K USELESS coins for each whale.

New capital was also embracing USELESS despite its “futility.”

This is because fresh wallets added $351K, which was a spike of more than 220%.

Additionally, the holdings of 4.1 million USELESS tokens remained untouched by smart money. The exchange outflows and dormancy in smart money wallets indicated less immediate sell pressure.

Wintermute supported the memecoin’s active trading liquidity. This was despite the selling of bots when the price hit $0.045.

All this capital inflow explained why the memecoin rallied so hard. Will the rally be sustainable going forward?

Will USELESS Coin continue to see more upside?

On the charts, the day’s rally was evident from a low of $0.036 to just above $0.045. The lower support level of the sideways range at $0.036 coincided with an order block created on the 14th of February.

The whole range movement was about 29%, though USELESS had started to pull back at press time. The memecoin looked headed toward $0.036 again, and seller momentum was building, as seen in the MACD.

Additionally, the Choppiness Index (CHOP) was rising, at 49.26, indicating the current rally was losing its trendiness. This reinforced that USELESS was still trading in a sideways range.

Breaking above the $0.045 zone could propel it to $0.055, while a breakdown below $0.036 would amplify the drop. However, there was a previous resistance at $0.05, as analyzed earlier.

Altogether, the memecoin was trading inside a key decision area where a breakout in either direction would determine its next trajectory.

Final Summary

USELESS rallies more than 17% amid capital inflow from the Top PnL traders, whales, and fresh wallets.
The price of USELESS Coin faced two critical tests at the $0.036 and $0.045 levels.

Preguntas relacionadas

QWhat was the percentage increase in USELESS Coin's price in 24 hours, and how did it outperform the broader crypto market?

AUSELESS Coin rallied over 17% in 24 hours, significantly outpacing the entire crypto market, which rose by only 4.71%.

QAccording to Nansen AI data, what was the net flow from Top PnL traders and how did it compare to their average daily activity?

AThe Top PnL traders loaded $75K in net flows, which was a spike of 3 times (3x) from their average daily inflows.

QWhat are the two critical price levels that the article identifies as key tests for USELESS Coin's future price trajectory?

AThe two critical price levels are the support at $0.036 and the resistance at $0.045.

QWhat does a rising Choppiness Index (CHOP) value of 49.26 indicate about the current market trend for USELESS?

AA rising Choppiness Index (CHOP) value of 49.26 indicates that the current rally is losing its trendiness and that the price is still trading in a sideways range.

QWhat did the significant spike in inflows from 'fresh wallets' demonstrate about new investor interest in USELESS?

AFresh wallets added $351K, a spike of more than 220%, demonstrating that new capital was embracing the memecoin despite its name implying futility.

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