Bulls Drive Useless Coin Higher With $0.24 in Sight

• Whales accumulated heavily, driving Useless Coin’s breakout and boosting retail participation.
• Futures traders stayed cautious, with shorts dominating despite rising spot demand.
• Technicals show resistance, leaving $0.24 target dependent on sustained buyer momentum.

Useless Coin — USELESS, broke free from a quiet week and leaped toward $0.188 before easing back. At the time of writing, the token traded at $0.1703, recording a sharp 13.86% daily gain. Trading volume ballooned 138% to $67 million, showing steady inflows of capital. Momentum has returned, and both whales and small traders are fueling the movement. The question now lingers like smoke in the air: can Useless Coin reach $0.24?

Useless Coin surges 13% – Here’s why bulls target $0.24 nexthttps://t.co/3xBjda77nK

— John Morgan (@johnmorganFL) September 30, 2025

Whale Accumulation Fuels Momentum

Whales have emerged as the silent architects of this rally. According to Nansen, the largest holders increased their stacks by 58% in just 24 hours, collecting 37 million USELESS tokens. That kind of appetite is hard to ignore. Balance changes jumped by 18 million tokens, underlining strong conviction. Such surges often act like a lighthouse for retail investors, guiding them to follow. Retail participation rose quickly after.

Data from Coinalyze showed buy orders outweighing sell pressure. Buy volume hit 30.6 million tokens, while sell volume lingered at 25.4 million. The Buy/Sell Delta came in at 5.2 million tokens, signaling control by buyers. For many, this marked a shift in sentiment from hesitation to ambition. Exchange flows confirmed this mood. CoinGlass recorded a positive netflow of $716,200 during the bounce, though numbers later slipped negative.

Derivatives Traders Bet Against Bulls

While spot buyers rallied, Futures traders painted a different story. Derivatives volume spiked 173% to $147 million, reflecting heavier market participation. Open Interest climbed 5.36% to $36.7 million, showing that more traders joined the field. Yet the Long/Short Ratio dropped to 0.9216, with shorts controlling 52% of positions. Futures players appeared skeptical, placing wagers on downside risk despite bullish momentum in spot markets.

This clash of perspectives set the stage for a tug-of-war. On one side, whales and retail traders continued to buy. On the other hand, derivatives participants braced for a correction. The battlefield remains undecided, with both sides waiting for the next spark. Technical indicators mirrored this standoff. The Stochastic RSI rose to 43, while the RSI climbed to 44. Both remained stuck within bearish zones, hinting that buyers had not yet seized command.

The charts whisper caution, reminding traders that rallies can stall before breaking higher. If buying strength holds, Useless Coin could reclaim $0.18 and push toward $0.24 resistance. That level looms like a mountain peak, challenging but possible with enough momentum. A sustained climb would signal fresh confidence across the community.

Source