#USELESSSurgesAnother67%

USELESS extended its move and added another 67 percent in 24 hours after the public call from Bonk Guy. Market capitalisation has reached approximately 213 million dollars. Bonk Guy stated that his conviction on this trade exceeds the 2023 BONK position and that his current holding is up roughly 1.68 million dollars. The combination of a high-profile call and a vertical price reaction is the backdrop for the latest leg.

On the daily chart price closed at 0.24392 after printing a high of 0.25687. The 9-period MA sits at 0.11539 and the 50-period MA is much lower at 0.06269. Bollinger Bands stretch from a negative lower reading to 0.18730 on the upside, with the middle band near 0.08228. Price has broken well above the upper band and is consolidating near the recent high. The next visible resistance reference sits around the 0.24465–0.256 area. Support starts at the 9-period MA near 0.115, followed by the middle band and 50-period MA cluster around 0.08–0.06.

RSI is at 92.09, extremely overbought on the daily timeframe. MACD remains strongly positive with the histogram expanding, showing that momentum has not yet rolled over despite the stretch.

The bullish case is a clean hold above 0.115 and a subsequent continuation through the 0.25–0.26 zone. If the narrative around the call and the broader flow into the name continue, the path of least resistance can stay higher in the short term. In that scenario the entire 0.115–0.08 region becomes the first support band on any pullback.

The bearish case starts with a failure to hold 0.115. A break back under that level on rising volume would likely target the 0.08–0.06 zone and open the door to deeper mean-reversion. After a multi-day vertical move and with RSI already above 90, some digestion is normal once the immediate momentum fades.

I am treating 0.256 as the immediate upside reference and 0.115 as the short-term trend filter. The size of the recent gain and the public conviction behind it are real, but the chart is stretched and the next few daily closes will decide whether this is continuation or a pause. Size stays measured until one of those levels resolves with volume.

What’s your take on the extension after the call? Are you treating the break of 0.20 as the start of a larger leg, or already looking for mean-reversion under the 9-period MA? Share your levels.

‍#USELESS #MemeMomentum