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#BonkGuyBullishOnUSELESS
Bonk Guy’s latest take on USELESS has been making the rounds. He points out that the token is printing fresh relative highs against a long list of established meme coins and argues it has a shot at becoming this cycle’s standout. Market cap is currently sitting around 230 to 234 million dollars with the price hovering near 0.22 to 0.23.
The chart on the four-hour timeframe shows the recent story clearly. USELESS ran hard from the sub-0.10 area into a peak near 0.34 in early September. Since then it has pulled back and is consolidating in a tighter range between roughly 0.21 and 0.25. RSI is sitting around 46, which is neutral after the earlier overbought conditions. MACD has flattened after the big impulse. There are visible fair-value gaps and order-block zones that price is currently interacting with.
Relative strength against the bigger memes is the part of Bonk Guy’s argument that is hardest to dismiss. When a token keeps making higher highs versus the likes of PEPE, DOGE, BONK, WIF and others even while the broader market chops, it usually means capital is rotating into it rather than just riding a rising tide. That kind of relative outperformance is what separates temporary pumps from tokens that can hold attention longer.
At the same time the absolute risk remains high. USELESS is still a pure meme with no claimed utility. Market caps in the low hundreds of millions can move violently in both directions. The recent pullback from 0.34 has already cut a meaningful percentage off the peak, which is normal after a parabolic move. The question now is whether the current consolidation holds and attracts another wave of buyers or whether it breaks lower and retests the mid-0.15 to 0.18 zone.
My personal take is measured. The relative strength and the renewed attention from a high-profile voice like Bonk Guy are constructive signals. The chart, however, is no longer in the easy uptrend phase. It is in the harder phase where conviction is tested. I would rather see a clean hold above the recent range lows with improving volume before getting more aggressive. Position size has to stay small because the downside can still be sharp if sentiment flips.
Meme seasons reward the names that keep showing relative strength after the first hype wave fades. USELESS has done that so far. Whether it can keep doing it into the next leg will decide if Bonk Guy’s “meme king” call ages well or becomes another over-enthusiastic call in a long list of them.
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#GateMeme $USELESS