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USELESS has recently become interesting, with the price suddenly surging by 3.93%, driven by the latest comments from Federal Reserve official Kashkari. This guy criticized cryptocurrencies, saying they are basically useless for ordinary consumers, which ironically sparked market attention.
From a technical perspective, USELESS is currently in a sideways consolidation phase, with no clear directional signals. The trend is a bit awkward, as there is neither a reason for a big rally nor downward pressure. In this situation, investors are mostly watching and waiting to see if any other catalysts will emerge.
Overall, this wave of increase is mainly driven by public opinion. Whether it can continue upward depends on market sentiment and other fundamental factors.
We've been consolidating for so long, really can't wait for the next explosive point.
Can we trust the hype driven by public opinion? It all depends on whether retail investors buy in.
USELESS, what a perfect name, yet it still gets mentioned by officials and can be pumped up, how ironic.
Watching and waiting... for the main players to release some signals.
Market driven by public opinion, the risks are real, better wait and see
Consolidation doesn't rely on any catalysts, that's truly useless
Kashkari's mouth firing off has a pretty good effect, should we do it again next time?
Feels like we're about to get trapped again, better to stay on the sidelines for now
When will the sideways movement break out? Waiting is exhausting.
How long can this market driven by public opinion last? Not very optimistic.
The name USELESS is really fitting, matching Kashkari's evaluation.
If popularity doesn't pick up, it's just a stall; waiting further isn't meaningful.
This is the market's reverse indicator at work— the more fiercely officials criticize, the more it surges.
Ultimately, it still depends on fundamentals to save the situation; otherwise, it will just be a correction phase.
Consolidation is just waiting for the right moment; this is when it's easiest to get caught in a trap.
Rumor-driven rises are unreliable; they will eventually come back down.
Kashkari's words are more effective than short-selling institutions, hilarious.
This coin is called USELESS, and they really dare to name it that—mutually hurting each other with Kashkari.
Waiting and watching, see if there's another big reveal.
Once the popularity fades, it's over; it depends on who is still willing to buy in.