#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 remains the backdrop.

On the 4-hour chart price is trading at 0.23790 after a high of 0.24050. The 9-period MA sits at 0.23876 and the 50-period MA is much lower at 0.12024. Bollinger Bands stretch from 0.08062 on the downside to 0.29408 on the upside, with the middle band near 0.18735. Price is consolidating tightly around the 9-period MA and well above the middle band. The next clear resistance is the upper band and SRL level at 0.29408. Support starts at the middle band near 0.187, followed by the 50-period MA at 0.120 and the deeper 0.080 zone.

RSI is at 68.20, elevated but no longer extreme. MACD remains positive with the histogram still constructive, showing that momentum has not yet rolled over.

The bullish case is a clean hold above 0.187 and a subsequent break of 0.294. 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 0.187–0.120 region becomes the first support band on any pullback.

The bearish case starts with a failure to hold 0.187. A break back under that level on rising volume would likely target 0.120 and open the door to deeper mean-reversion. After a multi-day vertical move, some digestion is normal once the immediate momentum fades.
I am treating 0.294 as the next upside magnet and 0.187 as the short-term trend filter. The size of the recent gain and the public conviction behind it are real, but the chart is still extended and the next few 4-hour 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 hold above 0.23 as continuation, or already looking for mean-reversion under the middle band? Share your levels.

‍#USELESS #MemeMomentum $USELESS