Post
useless
USELESSUSDT
Perp
--
+22.38%
‌ is pumping 25% – but the MACD is screaming 'bearish divergence' – this is a trap!"

USELESS is up +24.93% today to $0.32041, after hitting a 24h high of $0.33679 and a low of $0.25068. Volume is solid at 114.41M tokens traded – that's real interest. EMA5 ($0.31593), EMA10 ($0.31149), and EMA30 ($0.28981) are all below price – a bullish alignment. But here's the red flag: MACD is negative at -0.00015, with DIF (0.01560) below DEA (0.01576) – this is a classic bearish divergence. Price is making higher highs, but momentum is failing to confirm. Volume is also starting to fade, with MA5 (4.55M) below MA10 (4.80M), suggesting buying pressure is easing.

Here's what's really driving this move:

USELESS has been riding the meme coin wave. The token's hilarious branding and community-driven approach have attracted speculative interest. The recent surge follows a broader meme coin rally, with traders looking for the next explosive mover. However, the token's fundamentals remain weak – there's no real utility or revenue model.

But here's the bombshell: The SEC just dropped its investigation into the founder of a major meme coin project, sparking a rally in the sector. USELESS is benefiting from this regulatory relief narrative, but the move is likely overextended.

Key levels to watch:

· Resistance: $0.33679 (today's high), $0.350 (psychological level)
· Support: $0.31328, $0.27802, and $0.24276
· A break below $0.313 could trigger a fast drop to $0.278 and $0.242.

Trading Plan:

· Entry: $0.320 – $0.321
· Stop Loss: $0.335
· TP1: $0.300
· TP2: $0.280
· TP3: $0.260

👇 Do you think USELESS will break $0.33679 or is this a pump and dump? Drop your analysis below!
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
USELESSUSELESS+22.38%

  • 2

Add a comment
Add a comment

Comment
CurveStream
a minute ago
The news of the SEC dropping its investigation just came out, and sentiment is still strong; it may make another push in the short term.
0View Original
TechPioneer
18 minutes ago
If the 0.35 psychological level breaks, the bears will cry; if it holds, it’s a double top.
0View Original
MemeCharity
21 minutes ago
This entry point is quite conservative, and the stop-loss is set a bit wide—only stopping at 0.335.
0View Original
IntradayAcrobat
25 minutes ago
The EMA bullish alignment looks pleasing, but the shrinking volume is a serious flaw—I don’t dare chase it.
0View Original
SigBlindbox
27 minutes ago
First Review
MACD divergence is indeed scary, but meme coins have never made sense; wait and see for now.
0View Original
View More