Useless Coin (USELESS) Skyrockets 740% — More Growth to Come?

Useless Coin (USELESS) is once again attracting market attention after an extended period of consolidation. Since forming a local bottom around $0.03, the token has staged a remarkable recovery, gaining more than 740% and gradually shifting its price structure in favor of buyers.

With USELESS now trading around $0.23, the focus is on whether buyers can maintain the recovery and challenge higher resistance levels or whether the token could first enter another period of consolidation or correction. Several key support and resistance areas could help determine its next direction.

Useless Coin (USELESS) technical analysis

USELESSUSD - 1 Week Time Frame

After forming a local low around $0.03, USELESS traded mostly sideways for several weeks. It subsequently began forming higher highs and higher lows, significantly improving its market structure. From the local bottom, the token has gained more than 740% and is currently trading around $0.23.

The first and most important support area is located around $0.20. If the price returns to this level, it could attract renewed buyer interest. However, a higher-timeframe close below $0.20 could weaken the current market structure and increase the possibility of a deeper correction.

If USELESS fails to hold the $0.20 area, the next significant support is located around $0.06. Buyer activity around this level would be important to monitor. A strong reaction followed by a sustained recovery above the area could indicate renewed buying pressure and potentially support another short-term shift in momentum. For now, maintaining the higher-high and higher-low structure would help preserve the improving technical picture following the token's substantial recovery from its local low.

Useless Coin (USELESS) price target

If bullish momentum continues, the first major upside target is the resistance level around $0.28. This area previously preceded a significant decline, meaning increased selling pressure could emerge again if USELESS approaches it. A sustained breakout and close above $0.28 could strengthen the bullish scenario. If the token subsequently manages to hold above this area during a pullback, the former resistance could begin acting as support.

The second target is located around $0.31, close to the psychologically significant $0.30 level. This broader area could attract additional selling pressure or profit-taking. Above it, the next potential targets are approximately $0.34 and $0.41. If USELESS eventually breaks above $0.41, a sustained close above this level and an ability to remain above it during a potential retest could further strengthen the bullish structure and increase the possibility of an extended move higher.

From a broader perspective, USELESS remains in a strong recovery phase while its higher-high and higher-low structure stays intact. The $0.20 support remains the key downside level to monitor, while $0.28, $0.31, $0.34, and $0.41 represent the main potential upside targets.

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