#BonkGuyBullishOnUSELESS
Bonk Guy calling $USELESS a potential meme king is interesting, but I think the real story is bigger than one bullish call.

At the time of writing, USELESS is trading around $0.2294, up 3.22% over 24 hours, with a market cap of approximately $229.25M and more than $101M in 24-hour trading volume. The current 24-hour range is roughly $0.2181–$0.2569.

That volume is the number I care about most.

A $229M meme coin generating more than $100M in daily volume is showing that traders are actually rotating capital through the asset rather than simply talking about it.

But there is an important detail that gets lost in the hype:

USELESS is not at its all-time high in USD.

Its previous ATH was around $0.4375, meaning the token is still roughly 48% below that level.

That changes the way I look at the setup.

Instead of asking whether USELESS has already topped, I am watching whether the current momentum can eventually turn into a sustained attempt at price discovery.

The first thing I want to see is whether buyers can keep defending the $0.218 area. That is close to the current 24-hour low and, in my view, an important short-term momentum level.

If USELESS continues holding above that zone while volume remains elevated, the market has a reasonable setup for another attempt toward the $0.25–$0.26 area, which is currently acting as the immediate resistance zone based on the latest daily range.

A clean breakout through that area with strong volume would make the structure much more interesting.

But I would not call the next move automatically bullish.

Meme coins can produce enormous volume on both sides of the market. The same liquidity that pushes a token higher can become exit liquidity when momentum disappears.

That is why I would rather see price + volume confirmation than chase a green candle because a KOL is bullish.

There is also something unusual about USELESS itself.

Its entire identity is built around being a meme rather than pretending to have complicated utility. CoinMarketCap describes it as a Solana-based meme token that intentionally satirizes the traditional crypto obsession with utility. Almost the entire supply is already circulating — around 999.08M out of a 1B maximum supply.

From a trader's perspective, that makes the supply structure relatively straightforward.

There is no massive gap between circulating supply and maximum supply that I need to price into the thesis.

But the other side of that argument is even more important:

USELESS is still a meme trade.

There is no guarantee that today's attention becomes tomorrow's demand.

For me, the real test is whether USELESS can maintain liquidity after the excitement cools down.

If volume remains strong, holders continue growing and price starts making higher highs and higher lows, then the "meme king" narrative becomes increasingly credible.

If volume collapses and price loses its recent support, the narrative can unwind just as quickly.

And I would keep the previous ATH firmly on the chart.

$0.4375 is the major long-term reference.

At $0.2294, USELESS would need roughly a 91% move from here to reclaim that previous high. That is possible in meme markets, but it is absolutely not something I would treat as guaranteed.

So my current view is:

Short term: momentum is interesting, but $0.218 is important support.

Next resistance: $0.25–$0.26.

Major upside test: previous ATH around $0.4375.

What would confirm strength: breakout + sustained volume + higher lows.

What would invalidate the momentum thesis: losing support while volume fades and the market starts making lower highs.

Bonk Guy may be early on the meme-king narrative.

But I don't want to buy a narrative.

I want to see the market prove it.

For now, USELESS has something many meme coins never manage to build at the same time:

attention, liquidity and a market cap large enough to matter — while still being far below its previous ATH.

That combination is worth watching.

Not because USELESS is guaranteed to become the next meme king.

Because the market is giving it the opportunity to prove whether it can.

#GateMeme #GateLaunchesTrenchesWith0GasFee #AppleEvent @GateSquare @Gate_Square

$USELESS