$USELESS Current price: $0.23540, down slightly by 2.65% today. 24h high: $0.24462, 24h low: $0.23231, 24h volume: 19.92M USDT — that’s very strong volume for a meme coin.
Looking at the 15m chart:
• Price is BELOW the MA60 (0.23583), and the MA60 is sloping downward = the short-term trend is still bearish after the strong pump. • But the lows have formed higher lows: from 0.23414 to 0.2348, then up to 0.23540. Selling pressure is fading. • Volume: the most recent green candle saw a sudden spike in buying volume to 26.5K USELESS. MA5 and MA10 volume are trending upward, suggesting some accumulation is taking place. • This is a retest phase after the price failed to break above 0.2368.
Plan for reference:
Don’t chase shorts right now. Watch for two scenarios:
1. Consider a light scalp long if it holds firm at 0.23480–0.23500, targeting 0.23680 (MA60) and 0.23800. 2. If it breaks below 0.23410, stand aside and wait for a retest of 0.23231 (the 24-hour low) before deciding.
Memes like $USELESS rise very quickly and fall just as quickly. Use only a small amount of capital and trade quickly, then get out. This is a shakeout phase, not yet a break in the broader trend.