USELESS respected its most-watched level – Now $0.36 is in play

USELESS is once again respecting one of its most closely watched technical levels. After finding support at the Fibonacci golden zone, the token has recorded two days of consistent gains, with the most recent being a 10% surge in the past 24 hours.

Notably, the token has outperformed other memecoins, lining only behind PUMP. The rebound has also kept the price comfortably above its key exponential moving averages (EMAs). This is a sign that buyers continue to dictate its trend in the short run.

Are the fundamentals and on-chain sentiment supporting the bullish technicals?

Market sentiment improves

According to AMBCrypto’s recent analysis, USELESS’ on-chain and derivatives data favored the bulls. The token’s social volume has climbed to its highest level this week, indicating that USELESS is attracting more attention across the crypto community.

At the same time, aggregated Funding Rates have also reached weekly highs, suggesting that bullish positioning is becoming more dominant in the derivatives market.

The alignment of the surging social volume and Funding Rate depicts a growing confidence behind an ongoing trend.

At the time of writing, the Funding Rate was 0.025% after two days of aggressive spikes.

The liquidity cluster comes into focus

With momentum building, the main question among the network buyers and holders is where the price could head next.

The significant liquidity cluster worth roughly $331K that sits around $0.36 presents the price level as the next major area of interest. This is especially true for the network bulls.

USELESS’ price action is known for retesting key liquidity zones in the past, and the same development could be on the making. A successful move into that area would also reinforce the strength of the recent bounce from the Fibonacci support.

Can USELESS extend the rally?

The long-term market structure remains constructive as long as the USELESS buyers defend the recent breakout. Holding above the key EMAs, combined with rising social engagement and stronger Funding Rates, suggests bullish sentiment is continuing to build.

If those conditions persist, the liquidity cluster at $0.36 could become the market’s next destination before traders begin evaluating higher resistance levels.

As it stands, the combination of technical support, improving sentiment, and increasing derivatives activity indicates that bulls remain firmly in control of USELESS’ short-term trend.

Final Summary

• USELESS has gained 10% over the past 24 hours after bouncing from the Fibonacci golden zone.
• Social activity and aggregated Funding Rates have climbed to their highest levels of the week, reinforcing the ongoing recovery.