Useless Coin [USELESS] rose 38% over the past day after buyers actively entered the market. The asset's growth came on the back of a significant capital inflow into its futures market. However, the rally faces a correction risk: liquidity analysis has identified a cluster of unfilled orders below the current price, around the $0.097 level, which could pull the price lower. Despite these risks, bullish sentiment and capital inflows remain the key factors supporting price growth.
The token's growth continues to accelerate: over the past seven days, Useless Coin has gained 183%. The rally is largely underpinned by a sustained inflow of funds into the asset's futures market. According to capital flow analysis, more than $500 million passed through USELESS over the past day, with a net flow exceeding $20 million. On the futures market, $166 million in capital is concentrated in long positions, with a funding rate of 0.0056%. The scale of these capital movements points to strong interest from futures traders and supports a positive price outlook. As long as capital in the futures market does not overheat and the asset does not enter overbought territory, the bullish momentum may persist.
One of the main obstacles to further growth – liquidity clusters below the current price. The liquidation map shows a dense concentration of unfilled orders in the $0.097 range, which could attract the price and trigger a decline. However, the liquidity depth at this level remains relatively low and may be insufficient to drive a significant move to the downside. Investor sentiment remains moderately bullish, with a sentiment index reading of 2.77 on a scale from −10 to 10, which supports positive price momentum while also indicating that the market is not in a state of extreme optimism.