USELESS climbs 12% as shorts take hit: Is $0.20 next for the memecoin?

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Useless Coin [USELESS] rose 12.56% against a broader crypto market decline as its spot trading volume increased 19.04% to $19.41 million. Futures trading volume climbed 13.76% to $147.39 million, while open interest rose 17.92% to $79.97 million, indicating stronger speculative demand. Short-position liquidations reached $73,360, compared with $8,910 for long positions, with losses concentrated on OKX, Binance and Bybit. Technically, USELESS broke out of its descending channel from the $0.1400 support area; $0.20 is the next resistance, followed by $0.25, while renewed selling pressure could pull the token back toward $0.1400.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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