Just after breaking 300 million, it turned hostile! $USELESS staged a “textbook-level” pump-and-dump. Brothers who bought the 0.31 top, are you still okay?
Before the tide goes out, don’t become the last bagholder in the Meme frenzy.
Solana ecosystem Meme coin USELESS strongly rebounded and broke through a market cap of 300 million USD, now reported at 280 million, up over 20.1% in 24 hours, with trading volume reaching 16.5 million USD.
Technical view: On the 1-hour chart, the price staged a desperate counterattack from the low of 0.2345, reaching a high of 0.30925. It is currently fluctuating around 0.2817, with MA7 acting as short-term resistance, while MA25 and MA99 are diverging upward to provide support.
Funding acceleration is as high as 9.97x, with active short-term dip buying, but 3D/7D/15D all show net outflows in the tens of millions, indicating heavy long-term selling pressure. Beware of a sharp rise followed by a pullback.
Trading suggestion:
For long positions, consider small-size entries on a retest and stabilization around 0.273 - 0.255; for short positions, if the rebound to 0.3 - 0.31 shows signs of stalling, consider shorting.
Personal view: Meme coin sentiment is extremely emotional, and the current zone is a battleground between oversold rebounds and high-level distribution. Do not chase with heavy positions, and be sure to set stop-losses!
#MultiversX计划协调硬分叉恢复 #Circle推出机构比特币抵押借贷
Before the tide goes out, don’t become the last bagholder in the Meme frenzy.
Solana ecosystem Meme coin USELESS strongly rebounded and broke through a market cap of 300 million USD, now reported at 280 million, up over 20.1% in 24 hours, with trading volume reaching 16.5 million USD.
Technical view: On the 1-hour chart, the price staged a desperate counterattack from the low of 0.2345, reaching a high of 0.30925. It is currently fluctuating around 0.2817, with MA7 acting as short-term resistance, while MA25 and MA99 are diverging upward to provide support.
Funding acceleration is as high as 9.97x, with active short-term dip buying, but 3D/7D/15D all show net outflows in the tens of millions, indicating heavy long-term selling pressure. Beware of a sharp rise followed by a pullback.
Trading suggestion:
For long positions, consider small-size entries on a retest and stabilization around 0.273 - 0.255; for short positions, if the rebound to 0.3 - 0.31 shows signs of stalling, consider shorting.
Personal view: Meme coin sentiment is extremely emotional, and the current zone is a battleground between oversold rebounds and high-level distribution. Do not chase with heavy positions, and be sure to set stop-losses!
#MultiversX计划协调硬分叉恢复 #Circle推出机构比特币抵押借贷
