Oh, what a marvel! The Solana-based meme coin USELESS, named for its very essence, has soared 30% in 24 hours, proving that even the most useless things can be useful… to a point! 🤡
While the grandees of the crypto world, Dogecoin (DOGE) and Shiba Inu (SHIB), have stumbled like drunken philosophers, USELESS dances triumphantly, defying logic and reason! 🕵️♂️
Coinbase, Binance US, Kraken: The Three Musketeers of Listing 🏹
Behold! The recent rally in USELESS follows a string of major exchange listings, as if the gods of crypto had conspired to elevate this token to greatness. Yesterday, BeInCrypto reported that Coinbase, that paragon of trust, confirmed the token’s addition, declaring, “Trading will commence… as per our roadmap. Or perhaps as per our whims.” 🎭
On the same day, Binance US and Kraken, ever the drama queens of the crypto world, also announced they had listed the meme coin, amplifying its visibility like a courtier whispering secrets to a king. 🦊
USELESS Price Action: A Bullish Farce 🐂
With market excitement buzzing like a swarm of bees, there has been an uptick in fresh liquidity for the token. The bullish crossover of its MACD? A mere coincidence, of course! 🤷♂️
Readings from the USELESS/USD one-day chart show the token’s MACD line (blue) sitting on top of its signal line (orange) for the first time since July 17. A miracle! Or perhaps a typo. 📊
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. (But beware-the newsletter may contain excessive exclamation points and questionable life choices.) 📧
The MACD indicator, that most enigmatic of tools, identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines. Or, as I prefer to call it, “the art of guessing.” 🎭
When it is set up this way, it signals a shift toward bullish momentum, suggesting that upward pressure is building in the USELESS market. Or, as the French say, “C’est la vie.” 🇫🇷
Further, the altcoin currently sits above its 20-day EMA, which forms dynamic support below it at $0.25. A fragile fortress, to be sure. 🏰
An asset’s 20-day EMA tracks its average price over the past 20 trading days, giving weight to recent prices. A noble endeavor, though perhaps overly optimistic. 📈
When the price climbs above this level, it indicates a shift towards a bullish trend. Or, as I like to think, “The market is finally listening to my advice.” 🤡
USELESS Bulls: Hope, Desperation, and a Dash of Madness 🤯
At press time, the meme coin trades at $0.28. Sustained buying pressure could propel it toward the $0.34 mark. Or it could plummet like a disgruntled pigeon. 🦜
However, if profit-taking sets in, the token may slip below $0.27 and look to establish support at its 20-day EMA. A cruel joke, this market! 🤡
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2025-08-15 03:03