Useless Coin hits 10-month high following 300% rally

Useless Coin (USELESS) reached a 10-month high of $0.286 on September 4, following a 300% rally within a single week. The memecoin rose from $0.06 to $0.265 during this period, driven by aggressive spot buying and high derivatives trading activity. The asset also added approximately 5,000 new holders.

Despite the recent surge, the token experienced a 12.1% decline in the 24 hours following its peak, accompanied by a 20% drop in Open Interest. Market indicators suggest the bullish momentum may be overextended, potentially leading to a pullback phase. Key support levels identified include $0.213, $0.176, and a critical swing low at $0.131.