USELESS coin market cap sits at $113M, with consolidation holding at this level since yesterday. Nearly $60M in volume has come through in the last 24 hours — the question now is whether buyers can absorb the sell pressure and drive a reversal?
Useless Coin is trading above a key support zone $0.10. This zone often acts as an accumulation base during corrective phases. If price can stabilize and carve a bottoming structure here, it may rotate higher and set the stage for a stronger bullish expansion.
So long as price holds the 0.10—0.09 support, where a small consolidation has formed, the structure stays constructive. Maintaining this base is key for any near-term recovery, with a potential move toward the 0.15–0.20, retesting the weekly rvwap.
Useless Coin is trading above a key support zone $0.10. This zone often acts as an accumulation base during corrective phases. If price can stabilize and carve a bottoming structure here, it may rotate higher and set the stage for a stronger bullish expansion.
So long as price holds the 0.10—0.09 support, where a small consolidation has formed, the structure stays constructive. Maintaining this base is key for any near-term recovery, with a potential move toward the 0.15–0.20, retesting the weekly rvwap.
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Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
Content in partnership with:
twitter.com/mooncakexbt
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.