NFT Legal Victory Boosts Market Sentiment Amid Crypto Volatility
- Market Sentiment Recovery: The US government's dismissal of insider trading charges against former OpenSea executive Nathaniel Chastain, with the court ruling that the information used did not constitute property, alleviates fears around insider trading in digital assets, potentially encouraging investors to take risks again.
- NFT Market Value Plummets: The total value of NFTs has dropped dramatically from $420 billion in April 2022 to just over $3 billion now; however, the legal victory provides clarity for the market, with analysts suggesting it is crucial for a potential digital asset comeback in 2026.
- Buying Opportunities Emerge: Amid market fear, meme coins like Useless Coin (USELESS) and Aura (AURA) are identified as being in a “buy zone,” with Useless Coin down 30% over the past week but its transparency and community support making it an attractive option for institutional investors.
- Bitcoin Hyper's Successful Funding: Bitcoin Hyper has raised nearly $31 million during one of the most fearful market cycles, positioning itself as a Layer-2 solution for the Bitcoin blockchain aimed at addressing speed and cost issues, indicating strong investor confidence even in a downturn.
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Technical Analysis for USELESS
Technical Sentiment Analysis for Useless Coin (USELESS). As of , Useless Coin (USELESS) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for USELESS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, USELESS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Useless Coin (USELESS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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