USELESS Coin jumps 12% amid high leverage, hinting at a possible bullish reversal.

USELESS Coin surged over 12% in 24 hours, reversing weekly losses amid a spike in market leverage and Open Interest. The memecoin showed the highest OI-to-market-cap ratio among memecoins on Binance, indicating strong buying pressure driven by leveraged positions. Despite breaking a bullish reversal pattern, the price remains near a key support level at $0.07, with bulls defending this zone. A break below $0.07 could lead to further declines, while holding above it may confirm a bullish trend continuation.