The past 24 hours have been rough for Useless Coin. The token is down more than 10% at press time, following a broader crypto pullback that has hit many altcoins. The move came after the FOMC left rates unchanged this week, which did little to lift risk appetite. USELESS now trades below its key exponential moving averages on the daily chart, and the $0.13 area is under pressure. Those EMAs could act as overhead resistance if the token tries to recover.
Buyers have held this area before
The current demand zone sits between $0.125 and $0.145. That range has attracted buyers several times in the past, so this is not a random level. On short time frames, some buyers are already showing up. That does not mean a reversal is guaranteed. It may just be a pause. But it is worth noting because the zone has worked before. On-chain sentiment remains negative, though, and the short-term technical picture still leans toward sellers.
Derivatives show less appetite for risk
On the derivatives side, open interest has fallen to about $32 million. That suggests traders are cutting back exposure as uncertainty rises. Lower open interest can mean less volatile moves, though not always. There is also a liquidity pocket worth around $586K near $0.112. Similar zones have acted like magnets for price in the past, and sellers may still target that area before any meaningful recovery. I think that is the main risk for anyone watching the $0.13 support right now.
The $0.13 line is the one to watch
A clean hold above $0.13 could give USELESS a base to stabilize. If broader market sentiment improves, buyers might feel more comfortable stepping in. A decisive break below $0.13, however, would make the bearish case stronger. Without fresh buying pressure, sellers could stay in control and push the price toward the next liquidity area. For now, the $0.13 level is the key test. It will likely decide whether USELESS finds support or extends its losses.
