Useless Coin rallies 15% while crypto turns red – 2 signals define its next move

Useless Coin [$USELESS] has risen more than 15% in the past 24 hours, defying the general crypto market sentiment. This was evident as all the top 100 cryptos by market cap, except Arbitrum [ARB], were in the red as of press time.

The memecoin is primarily driven by social sentiment, especially from Key Opinion Leaders (KOLs) on X, such as Bonk Guy. But the question remains whether the memecoin can continue surging.

$USELESS outperforms Bitcoin, Solana, Dogecoin, and $PEPE

Analyzing the memecoin’s strength, it was clear that $USELESS had defied the overall market sentiment. There was a clear contrast when pairing $USELESS against major cryptos and other memecoins.

For instance, it outpaced Bitcoin [BTC], Solana [SOL], Dogecoin [DOGE], and Pepe [$PEPE] by 14.28%, 16.83%, 15.65%, and 15.08%, respectively.

The charts further reinforced this strength as $USELESS broke out of a consolidation pattern in the form of a triangle. Probably, this breakout hints at the end of Useless Coin’s correction phase as bulls defended the $0.20 demand zone.

However, the $0.33 level remains a hurdle to reaching its all-time high (ATH) of $0.4375. Bulls are pushing the memecoin toward this level, as seen in the MACD, which has flipped green.