Useless Coin Skyrockets as ’Smart Money’ Piles In—Is This the Next Meme King?
Useless Coin defies its name with a jaw-dropping rally—fueled by institutional whales diving headfirst into the meme-conomy.
Smart money or dumb liquidity? Hedge funds and crypto VCs are suddenly stacking Useless Coin like it's 2021. The token's 300% weekly surge smells like a classic 'greater fool' play—but who's complaining when lambo dreams are back on the menu?
Meanwhile, retail traders FOMO in late (as usual) while Wall Street quietly takes profits. Some things never change—except the price, apparently.
Useless whale accumulation | Source: Nansen
Smart money and whale accumulation is a good catalyst for an asset because it is a sign that they expect the price to keep going upwards. Further data shows that the exchange balances have crashed by over 16% in this period to 51.8 million.
Useless Coin price technical analysis
The four-hour chart shows that the Useless token price has surged from a low of $0.005460 to a record high of $0.1095. It has formed an ascending channel and remained above the 50-period moving average.
The risk, however, is that there are signs that the momentum is ending. For example, the Average Directional Index has plunged from a record high of 70 to 20. The ADX is a popular indicator that measures the strength of a trend.
The MACD and the Relative Strength Index have also formed a bearish divergence pattern, pointing to a potential retreat. Therefore, the coin may drop to the support at $0.50 as traders start to book profits.
