USELESS Token Rises 10% Thanks to Fibonacci Support

The USELESS token has increased by 10% in the last 24 hours after finding support in the golden Fibonacci zone. This recovery has allowed the token to confidently surpass key exponential moving averages (EMA), indicating that buyers continue to control the short-term trend. According to a recent analysis by AMBCrypto, on-chain and derivatives data support the bulls. The social volume of USELESS reached a peak this week, suggesting that the token is attracting more attention in the crypto community. Meanwhile, aggregated funding rates hit a weekly high of 0.025%, indicating a growing dominance of bullish positions in the derivatives market.

Currently, there is a significant liquidity cluster of approximately $331,000 located around $0.36, which represents the next level of interest for buyers. This is particularly relevant for bulls in the network, as movement into this area could strengthen the momentum of the recent bounce from Fibonacci support.

The long-term market structure remains constructive as long as USELESS buyers defend the recent breakout. Holding the price above key EMAs, along with increasing social activity and strong funding rates, indicates a continued strengthening of bullish sentiment. If these conditions persist, the liquidity cluster at $0.36 may become the next destination in the market before traders start evaluating higher resistance levels. Ultimately, the combination of technical support, improving sentiment, and increasing activity in derivatives suggests that bulls maintain confident control over the short-term trend of USELESS.