Useless Coin [USELESS] has reversed its losses from earlier in the year and approached price levels last seen in October 2025. The memecoin experienced renewed market interest following social media chatter regarding a potential airdrop.
The token's price climbed from $0.067 to a high of $0.094, and on September 3rd, it broke past the $0.13 resistance level to reach $0.158—a price point not seen since November 2025. Trading around $0.149, the asset marked a 36% surge on the daily charts.
Alongside the price increase, the memecoin's market capitalization rose 36% to cross the $100 million mark and hit $150 million. However, trading volume decreased by 18% to $78 million.
While wider market weakness has impacted the usage of established memecoins, analytics accounts noted that USELESS has outperformed peers by adding 5,000 holders over a seven-day period. This expansion in the user base has coincided with strong buy pressure.
Sell-side activity has largely dried up, with continuous netflow increases from retail fish wallets and accumulation from whales. Data from Coinalyze showed that the Spot Buy/Sell delta remained positive for three consecutive days, recording 115 million in buy volume on Kraken and Coinbase compared to 106 million in sell volume.
Momentum indicators point to strong upward pressure, with the Average Directional Index (ADX) rising to 48 and the positive index climbing to 46, while the negative index declined to 4. Additionally, the Stochastic Momentum Index jumped to 67, confirming the ongoing trend.
If buying momentum holds, analysts indicate the token's next target is the $0.18 resistance level, whereas a slowdown in momentum and a failure to close above $0.15 could lead to a drop toward $0.12.
