Useless Coin drops over 10%, nearing key $0.13 support amid bearish crypto market and shrinking leverage.

Useless Coin (USELESS) has fallen more than 10% in the past 24 hours, pressured by negative on-chain sentiment and a weak broader crypto market. The token is trading below key exponential moving averages (EMAs) and is close to breaking its demand zone around $0.13, a critical support level. Shrinking leveraged positions and a significant liquidity cluster near $0.112 suggest further downside risk if the $0.13 level fails to hold. Recovery depends on renewed buying interest and overall market sentiment improvement, but a breakdown below $0.13 could lead to extended losses.

Useless Coin holds a market cap of Rp2,39 trillion and a 24-hour trading volume of Rp286,72 million on Pluang as of Oct 31, 2026, 11:11 WIB. Despite the article noting a 10% price drop, on Pluang USELESS is up 1.81% at Rp2.375, with 81% of order activity on the buy side. The typical hold time for USELESS investors on Pluang is 4 days, reflecting relatively short-term trading interest.