Useless Coin rallies 12% after breaking key support, with rising spot inflows and open interest.

Useless Coin (USELESS) surged 12% after breaking out from a support zone between $0.125 and $0.145, trading above key moving averages. Positive spot inflows for two days and a 9% spike in open interest to $51.6 million indicate growing demand and leveraged positions, which could fuel further price gains. However, rising funding rates suggest increased speculative risk and potential for liquidations if momentum reverses. The next resistance target is near $0.21, where a strong rally could confirm a bullish trend continuation.

Following the recent surge in Useless Coin, it is currently trading at Rp3.078 on Pluang, showing a 7.64% increase over the past day as of Oct 22, 2026 04:22 WIB. The coin's market cap stands at Rp3,09 trillion with a 24-hour trading volume of Rp327,89 million. Notably, Pluang users have a buy order activity of 65%, and the typical hold time is about 4 days, indicating active engagement with the asset amid the current market dynamics.