Useless Coin Price Surges 45% Amid Binance.US Listing – Bulls Eye $0.42 Soon

Highlights:

• Useless price spikes 45$ to $0.29 as its daily trading volume soars 197%.
• The recent rally comes following the USELESS listing on Binance.US.
• Technical indicators signal further upside towards $0.38-$0.42 level in the short term.

Useless price is among the top gainers in CoinMarketCap, as it has surged 45% to $0.2966. Moreover, its daily trading volume has spiked 197% to $222 million, indicating intense market activity. Recently, Useless Coin has joined Binance.US, which is one of the biggest cryptocurrency exchanges, providing the possibility to make deposits of its token. This meme coin will start on August 14, USELESS/USDT at 7 am EDT. The popularity of the token has become quite rapid due to the comedic and satirical attitude toward the cryptocurrency world.

Deposits for $USELESS are now open on https://t.co/AZwoBOh0gq!

Trading on the USELESS/USDT pair will begin on Aug 14 at 7 a.m. EDT.@theuselesscoin is Solana’s unapologetically pointless memecoin, a parody of “serious” crypto that thrives on meme power and a growing community.

— Binance.US 🇺🇸 (@BinanceUS) August 13, 2025

Further, Useless Coin is gaining a following, and the trading volume and open interests are growing considerably. Indeed, Binance.US posted that the token volume has risen by more than 310% with a remarkable volume of $433.37M. This is a clear sign of increased investor interest. The open interest has also increased by more than 30% to $ 44.37M.

When it comes to trading data, the derivatives of Useless Coin are booming, which indicates that it is becoming more and more popular. The interpretation of the data shows that the ratio between long and short is around 0.9968, which means that the majority of the traders prefer to opt in favour of the long position. But there is a bit of a difference on the OKX, where the long-to-short ratio is 0.72. This points out that more traders have put bets on the upward potential of the coin, as a less huge proportion on OKX are more cautious.

Useless Coin Price Breaks Out of a Falling Parallel Channel

Based on the 4-hour chart timeframe, the Useless Coin price has been on a prolonged downtrend, within the confines of a falling channel. However, following the recent developments of USELESS listing on Binance.US, the meme coin has spiked to the upside. It is currently exchanging hands at $0.2966, from its local lows of $0.18. 

The price broke through a critical $0.26, a key resistance-turned-support zone. Moreover, the 50-day SMA($0.22) and the 200-day SMA($0.28) are holding strong as major support zones, supporting the bullish grip. 

If the current momentum holds and Useless price continues the upside movement, with some serious volume, it could see a rally toward $0.38-$0.42. The recent breakout from the falling channel suggests bulls are waking up, ready to push the meme coin higher. Zooming into the indicators, the Relative Strength Index (RSI) sits at 65.12, showing intense buying pressure. However, the token is not yet overbought, opening the doors for further upside before a pullback. 

The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the signal line (orange) slicing below the MACD line (blue). This indicates strong momentum, which might push the USELESS coin to the upside. On the other hand, if bears take charge, the Useless price could retrace to $0.28. Below that, it could flip the script to bearish. The 50-day SMA is acting as dynamic support around $0.22, adding a safety net.