USELESS rallies as whales, Top PnL traders and new wallets dey drive inflows — watch $0.036 support and $0.045/$0.05 resistance
USELESS climb for two waves: first na memecoin-led rally make token rise as much as ~30% with big spikes for volume and liquidity, follow by later detailed on-chain read wey show 17–29% price move driven by coordinated buying from Top PnL traders, whale accumulation and strong inflows from new wallets. Nansen data show Top PnL traders add about $75K (about 3x normal), whales add ~$60K (push whale holdings to ~$77M, average whale buys ≈340K USELESS), and new wallets contribute ~ $351K (>220% spike). Exchange outflows and dormant smart-money holdings reduce immediate sell pressure while market makers (Wintermute) provide liquidity despite some bot selling near $0.045. Technicals: key short-term support dey at $0.036 (Feb 14 order block); decision / resistance zone dey at $0.045 with nearby resistance around $0.05 and further breakout target near $0.055–$0.07. Momentum readings mixed — short-term indicators show positive momentum earlier but later signals (rising MACD seller momentum, Choppiness ~49) suggest trend strength dey weaken and token still range-bound. Leverage metrics earlier show rising long/short ratios and open interest >$100M on some venues, signaling increased speculation and possible volatility; exchange-specific flows (notably Gate.io showing selling bias) fit cause venue-driven risk. Traders suppose monitor on-chain inflows, exchange outflows, whale wallets, open interest and the $0.036 / $0.045 levels for short-term direction. Sustained daily close above $0.045–0.05 go support targets up to $0.055–$0.07; break below $0.036 likely go accelerate downside.
Bullish
Net inflows from Top PnL traders, whales and plenty new-wallet deposits dey show say real demand dey and immediate sell pressure don reduce because of exchange outflows and smart-money wey dey idle. Together with rising open interest and higher long/short ratios for some venues, these signals show speculative belief we fit push more movement short-term if dem clear key resistance. Technicals show clear decision points: if price close for daily above $0.045–0.05 and e hold, e go confirm bullish momentum and open targets for $0.055–0.07. But mixed momentum indicators and exchange-specific selling (e.g., Gate.io) dey raise short-term risk and fit make the move fail; if price break under $0.036 losses fit quicken. Overall, balance dey favour a bullish bias for USELESS while e dey above $0.036, but conviction depend on on-chain flows, open interest behaviour and if price fit hold above the $0.045 decision zone.