Useless Coin drops 13% as it hits oversold territory at lower Bollinger Band
- —USELESS fell about 13% in 24 hours, touching the lower Bollinger Band
- —Net spot inflow is negative at roughly -$432,000, with accumulation running 36+ hours
- —Investors accumulated about $1.22 million worth of USELESS the previous day
- —Long/Short Ratio across venues is 1.05, but whales on Binance and OKX stay bearish
Why it matters: Oversold conditions and exchange outflows leave room for a rebound toward $0.22–$0.33, though whale shorts could cap the rally.
Source: AMBCrypto