Technical analysis by The_Alchemist_Trader_ about Symbol USELESS: Buy recommendation (11/8/2025)

Useless Coin continues to trade within a broader downtrend that began following the loss of the $0.38 level, which marked the start of sustained bearish momentum. Since then, price action has declined toward the $0.14 support region, where it is now showing signs of stabilization and potential double bottom formation — a pattern that could hint at early accumulation. The $0.14 zone now serves as a critical structural support, and holding this area is essential for any potential upside rotation. A successful rebound could see price targeting the $0.21 resistance, a key level that must be reclaimed on a daily closing basis to shift short-term market sentiment back toward the bulls. Key Points: - Downtrend Established: Bearish structure remains intact since losing $0.38. - Critical Support: $0.14 acts as both structural and psychological support. - Upside Target: Reclaiming $0.21 could confirm a reversal attempt. From a technical standpoint, support and resistance are now well-defined, with price likely to remain range-bound between $0.14 and $0.21 until a decisive breakout occurs. What to Expect: As long as $0.14 continues to hold, expect sideways accumulation and potential rotation toward $0.21. A breakdown below this level, however, would invalidate the bullish setup and confirm further depreciation.