USELESS rallies 30%, but can bulls break past $0.05?

ambcryptoPubblicato 2026-02-15Pubblicato ultima volta 2026-02-15

Introduzione

USELESS, a memecoin on the Solana blockchain, surged over 30% in 24 hours, leading the top 500 cryptos in daily gains. Its trading volume spiked 243%, indicating strong liquidity. On-chain data revealed intense buying activity, with whales making significant purchases, including a notable $100K buy. The Long/Short Ratio increased, showing bullish dominance on exchanges like Bybit and Binance, though selling pressure persisted on Gate.io. The price faces a critical resistance test at $0.05; breaking this level could propel it toward $0.07. For a long-term bullish trend reversal, USELESS would need to surpass $0.13, requiring a 168% rally from current levels.

The crypto market performed well over the weekend, closing in the green for both days. Memecoins have been the leading sector for the day, with Useless Coin [USELESS] gaining over 30% in 24 hours.

This rise put USELESS ahead of all top 500 cryptos by market in terms of daily gains.

The trading volume of the memecoin spiked by about 243%, with the volume-to-market-cap ratio pumping to 69% at press time. This figure showed there was enough liquidity.

Apart from volume, what else could have influenced the rally?

What do the metrics say about Useless Coin?

According to on-chain data, USELESS was seeing both intense buying and selling activity. However, it is the bulls that were showing dominance in terms of volume traded.

Most of the buys were averaging over $20K, while the sells were in the region of hundreds or a few thousand. One of the key opinion leaders on the Solana [SOL] blockchain also bought about $100K worth of USELESS.

One of the most notable selling activities was a $43K sale, which did not impact price movements as much. These showed that actions from whales were mixed.

This was also evident on the Long/Short Ratio chart. The value jumped from 0.91 to 1.01, with Bybit leading with a ratio of 2.26. Binance and OKX followed with ratios above 1.50.

Still, there were exchanges that involved selling. For instance, Gate.io’s activity showed that traders were using the exchange to take profit or to size their positions. Its ratio was at 0.625.

All the data showed that bulls were in control, but bear traders on Gate.io could be a problem going forward.

Can bulls overcome the $0.05 resistance level?

On the charts, Useless Coin was exhibiting momentum. The momentum indicator was rising with the reading at 0.01, just above the neutral level.

This spike occurred after staying dormant between the $0.029 and $0.036 levels.

The crypto’s Open Interest (OI) was also moving in line with the price. The reading at press time surpassed the $100 million mark as USELESS faced a critical test at $0.05.

Only breaking past this level could set the memecoin on a path toward the $0.07 zone.

However, for the memecoin to see a shift in trend, the price had to break above $0.13. This area was a daily resistance zone that has been holding price since mid-November last year.

For such a scenario, it would mean Useless Coin rallying another 168% to flip bullish on a long-term outlook.

That would mean bulls staying active to make this happen; otherwise, Useless Coin is still trading in bear territory.

Final Summary

USELESS rallies 30% as whales step up their accumulation.
USELESS price faced a key test at $0.05, with a break past it opening a path toward $0.07.

Domande pertinenti

QWhat was the percentage gain of Useless Coin (USELESS) in 24 hours, and how did its trading volume change?

AUseless Coin gained over 30% in 24 hours, and its trading volume spiked by about 243%.

QWhat did the Long/Short Ratio data from exchanges like Bybit, Binance, and OKX indicate about trader sentiment for USELESS?

AThe Long/Short Ratio jumped from 0.91 to 1.01, with Bybit leading at 2.26, and Binance and OKX having ratios above 1.50, indicating that bullish traders were dominant on those platforms.

QWhat is the critical price resistance level that USELESS needs to break past to potentially reach $0.07?

AUSELESS needs to break past the critical resistance level at $0.05 to set it on a path toward the $0.07 zone.

QAccording to the article, what price level would USELESS need to surpass to signal a shift in its long-term trend to bullish?

AFor a shift in the long-term trend to bullish, USELESS would need to break above the daily resistance zone at $0.13.

QWhat was notable about the buying and selling activity of whales for USELESS, as mentioned in the on-chain data?

AOn-chain data showed intense buying and selling activity from whales, with most buys averaging over $20K and a key opinion leader buying $100K worth. A notable $43K sale did not significantly impact the price, indicating mixed actions from large holders.

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