Useless Coin Price Prediction: Can USELESS Hold After the 60% Rally?

USELESS has turned into one of the more electric setups on crypto charts this week, and the Useless Coin price prediction conversation right now is less about whether the rally is real and more about how far an already stretched market can extend. The token has jumped roughly 60% in the past 24 hours to trade near $0.235, part of a move that has added more than 400% over the last month. That kind of vertical move usually invites one question from traders watching the tape: is this strength sustainable, or has it gone too far too fast? Why Is USELESS Price Rising So Fast? Part of the answer lies in positioning rather than price alone. USELESS spent weeks compressing inside a tightening channel before breaking out with real force, and that breakout appears to have caught a meaningful share of short sellers wrong-footed. As one of the more active Solana meme coins launched through Raydium's platform, As per solscan.io, USELESS has also seen its holder base grow steadily, now near 48,890 addresses, a sign that participation is broadening rather than concentrating in a handful of wallets rather than staying limited to early buyers. Are USELESS Derivatives Traders Bullish? According to CoinGlass, futures markets back up the intensity of the move. Open interest has climbed from around $20 million in mid-August to above $110 million within days, and current data puts it closer to $138 million, showing traders are willing to add fresh leveraged exposure into the rally rather than fade it. Twenty-four-hour futures volume near $1.53 billion, led by Binance and OKX, confirms this is not a thin, illiquid move. Liquidation data tells the sharper part of the story. Over the past 24 hours, short positions accounted for the overwhelming majority of forced closures, close to $3.89 million against roughly $832,000 on the long side, and the 4-hour window shows the same skew with $759.26K in short liquidations versus $127.52K in longs. That imbalance points to a short squeeze doing real work underneath the headline percentage gain, not fresh spot buying alone. Yet positioning remains mixed rather than one-sided. Long-to-short account ratios on Binance sit at 0.7027, on OKX at 0.64, and top trader ratios on Binance read 0.6134 for accounts and 0.9672 for position size, meaning short accounts still outnumber long accounts across the board even after the squeeze. That mismatch between price action and positioning is worth watching, since it leaves room for either another squeeze leg higher or a sharper reversal if sentiment flips. USELESS Price Performance On price performance, the token is up about 14% over four hours, over 60% across 24 hours, and roughly 239% over the past week, with 30-day gains near 409% and year-to-date gains above 269%.