USELESS: The Meme Coin Defying Market Gravity
USELESS is among the few cryptocurrencies to have rebounded with remarkable force after Friday’s crash. This humorous token, currently trading at $0.368, is just 19.7% away from its ATH of $0.444. This proximity to its all-time high is particularly impressive considering most altcoins are still struggling to recover 50% of their losses.
The 67% surge recorded in 24 hours demonstrates exceptional momentum. Technical analysis shows that USELESS is attempting to establish $0.364 as solid support, a level that also corresponds to the 50-day EMA. This exponential moving average acts as a dynamic floor and reinforces the token’s bullish structure. If this support holds against profit-taking, the path toward $0.444 could quickly open up.
The risk/reward ratio remains favorable for positioned traders, with a first critical support level at $0.292. A break below this threshold would invalidate the bullish scenario and expose USELESS to a decline toward $0.230. Trading volumes remain robust, but caution is warranted given the extreme volatility characteristic of meme coins.
Mantle (MNT): The Layer 2 Altcoin Lying in Wait
MNT has emerged as a serious contender for establishing a new all-time high this week after the crash. Currently at $2.15, this Layer 2 solution’s token sits 33% below its ATH of $2.87. This gap might seem substantial, but the 32% growth recorded in a single day proves this distance can be covered quickly under favorable market conditions.
Mantle’s technical structure presents encouraging signals. The key resistance level sits at $2.29, and its conversion to support would likely trigger a bullish acceleration toward $2.87. Mantle’s fundamentals, particularly its expanding DeFi ecosystem and strategic partnerships, support this price momentum. The increasing TVL (Total Value Locked) on the protocol in recent weeks confirms growing user interest.
The bearish scenario remains worth monitoring, however. If MNT loses support at $1.92, a drop toward $1.77 would become likely, erasing a significant portion of recent gains. The RSI is approaching overbought levels, which could justify a consolidation phase before any new bullish impulse.
Ethereum Tests Major Resistance Levels
Ethereum is trading at $4,162 and approaching the crucial resistance level at $4,222. This price zone represents a significant technical obstacle, tested multiple times in recent months. The rebound from $3,742 (+10% in 24h) illustrates returning confidence from institutional investors across the entire crypto market.
The Ichimoku indicator confirms a short-term bullish momentum, with the price evolving above the cloud and Tenkan and Kijun lines in positive configuration. If ETH manages to convert $4,222 into support, the next target would be at $4,500, followed by $4,956. These levels correspond to important liquidity zones that naturally attract price action.
The fundamental context for Ethereum remains solid despite growing competition from alternative blockchains. Recent network upgrades, combined with increasing adoption of Layer 2 solutions, strengthen ETH’s value proposition. Staking continues to lock up a significant portion of the supply, reducing selling pressure. However, a failure to break through $4,222 could trigger profit-taking and push the price back toward $4,000 or lower.
Ethereum is testing key resistance at $4,222. Seize the opportunity on Bitget and take advantage of an exclusive bonus to maximize your position before the next rally, after the crash !
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