USELESS Coin has surged 22% in the past 24 hours, driven by increased trading volume and buyer strength. The memecoin, a leading token on the BONK ecosystem's LetsBONKfun launchpad, outperformed major memecoins like DOGE despite a broader market downturn. On Coinbase, USELESS Coin recorded a 74% buy ratio, with similar buying activity observed on Kraken and KuCoin.
Open Interest for USELESS Coin reached the second-highest level after DOGE, with whale inflows surpassing $2 million over the last 30 days. Analysts suggest that the coin needs to break above $0.35 to confirm a bullish trend, with a potential target of $0.40, while a failure to do so could see it drop back to $0.22.
USELESS Coin Jumps 22% as Trading Volume and Open Interest Rise
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