Crypto & Forex May 13, 2026 0 Comments

Is USELESS’s 70% Surge Just the Beginning, or a Classic Small-Cap Trap Waiting to Snap?

Ever heard of a cryptocurrency that proudly declares itself utterly pointless and yet surges nearly 80% in a week? Meet Useless [USELESS], the Solana-based memecoin that mocks the very idea of utility tokens by boasting zero purpose and 100% uselessness—a paradox that’s somehow winning hearts and wallets alike. It’s funny how something labeled “the most honest cryptocurrency” can stir up a whirlwind of activity with a modest $76.96 million market cap and swift price jumps that make quick profits as likely as lightning strikes. But here’s the kicker: could this cheeky token’s recent breakout from a long consolidation signal the start of a parabolic rally, or is it just a fleeting fad riding waves of FOMO? Investors stand at a crossroads, grappling with skepticism and the tantalizing prospect of a fast climb amid a landscape where Bitcoin’s movements don’t always dictate the dance. This is more than just a coin—it’s a fascinating test of market psychology wrapped in irony. Intrigued? LEARN MORE.

Useless [USELESS], the Solana-based memecoin that pokes fun at conventional utility tokens, has rallied by almost 80% over the past week. This memecoin proudly calls itself “the most honest cryptocurrency” and brags of having zero purpose and 100% uselessness.

It rallied by 7.2% in the last 24 hours and had a $76.96 million market cap at the time of writing. This figure is relatively small though, even for a memecoin. Hence, quick gains and even quicker sell-offs can be expected.

USELESS vertical rally expectations

In a post on X, user Unipcs, or the Bonk Guy, theorized that USELESS could embark on a silly bullish trend. It has 100 days of consolidation near the $0.04 lows and finally managed to break out above $0.05 recently.

A long consolidation implies sellers are exhausted, and buyers have been accumulating. A bullish breakout from this consolidation phase, for a small-cap memecoin, could make for a parabolic run.

The sidelined market participants would be forced to chase the gains across both the spot and futures markets. This FOMO demand can drive USELESS higher with hardly any dips along the way, he argued.

Memecoins, especially the smaller ones, tend to run hard without regard for Bitcoin’s [BTC] price trends. Therefore, there may be a possibility that a BTC pullback below $80K might not deter USELESS bulls.

A word of caution

USELESS 1-day Chart — Source: USELESS/USD on TradingView

At the same time that the memecoin embarks on an upward breakout, traders and investors must remain skeptical. The longer-term price structure has remained bearish. A move above $0.13 is needed to flip the swing structure bullishly.

This would represent a further 70% USELESS price move higher. On the way, the Fibonacci retracement levels will act as obstacles. The $0.091-$0.109 golden pocket is worth watching here, in particular, for a bearish reaction.

Traders have a tough choice. Do they trust the breakout following the 3-month consolidation, or should they wait for a long-term trend shift before looking to buy?

Final Summary

The satirically honest Useless coin has the crowd’s confidence for now.
It remains to be seen if this is enough to break the bearish price swing structure.