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📊 USELESS trading volume has drawn attention by approaching DOGE levels recently, but the market cap gap remains wide.
USELESS rallied nearly 900% within a month to an all-time high before retreating sharply, with the drawdown reaching 51.7%. The market cap gap between USELESS ($186M) and DOGE ($13.4B) still stands at roughly 72x.
Analysts note that such post-surge selloffs are common among low-liquidity meme coins, reflecting concentrated profit-taking and fading speculative appetite. Earlier warnings about high-level resistance have played out, and the 0.056 retracement level is flagged as the next area to watch.
Market-wide sentiment sits in neutral territory, with the Fear & Greed Index at 57 and Bitcoin dominance at 59.44%. CPI and PPI readings are due this week, with an FOMC meeting later this month.
Volume without sustained market cap often reflects short-term activity. When the macro calendar is this dense, how do you approach meme assets? 👇
#USELESS #DOGE #Crypto #MemeCoins
#USELESSTradingVolumeNearsDOGE
Not financial advice.