USELESS has recently seen a sharp short-term surge driven by emotions, with the price breaking above $0.08 and peaking at $0.086, accompanied by a notable increase in trading volume. Key KOLs have built positions, leading to market follow-through, but short-term risk and volatility have intensified. The mid-term bullish trend has yet to be confirmed, with $0.13 serving as a critical resistance. It is recommended to focus on the chip digestion in the $0.07–$0.09 range; before a clear trend breakout, control position size, avoid chasing the rally, and wait for a decisive breakthrough or a pullback confirmation before entering.

After oscillating around $0.04 for approximately 100 days, the token experienced a strong surge this week, with the price swiftly rising from $0.042 to above $0.08, peaking at $0.086. This rally amounted to a nearly 80% cumulative increase, and trading volume expanded simultaneously. On May 12th, transaction volume exceeded 410 million tokens, at least a fivefold increase compared to previous periods, clearly indicating strong bullish participation and FOMO sentiment. Although there was a pullback on May 13th, with intraday lows at $0.0607, the overall retracement was limited, and the bulls still hold the advantage amid short-term disagreements between buyers and sellers.

Well-known KOLs on social platforms recently established long positions when the market cap was around $40 million, currently recording nearly $200,000 in unrealized profits. Their public position disclosures help create a follow-the-leader effect within the community, further encouraging retail investors and other speculators to chase the rally. Considering this investor previously faced liquidation risks in other assets, the following funds may further intensify market volatility in the short- to mid-term. It is necessary to be alert to rapid profit-taking triggered by sudden sentiment shifts.

Crypto KOL "Bonk Guy" took a long position on the USELESS token on the Lighter platform when its market value was $40 million, currently holding an unrealized profit of $200,000. Previously, he held an eight-figure BONK long position on Bybit and $20 million in on-chain assets but lost everything on October 10 last year.

Crypto KOL "Bonk Guy" is long on USELESS on the Lighter platform, currently with an unrealized profit of $200K.

Although the recent market has shown sharp rises and quick pullbacks, the current price is still far below the previous critical resistance level of $0.13. To confirm a reversal of the medium-term bullish trend, a breakthrough and stabilization above this level are required. Considering the short-term bullish arrangement of moving averages has not fully formed in the past ten days, short-term bullish momentum may still exist, but the long-term trend remains in the downward channel since October last year. Investors are advised to closely monitor the digestion in the $0.07–$0.09 range before the trend becomes clear and only build positions after breaking through key resistance or confirming support on a retracement.

USELESS COIN

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