USELESS Jumps 12.56% as Shorts Get Squeezed, $0.20 in Sight
- —Spot volume rose 19.04% to $19.41 million
- —Open interest climbed 17.92% to $79.97 million
- —Short liquidations hit $73.36K versus $8.91K in longs
- —Price broke out of a descending channel, with $0.20 as next resistance
Why it matters: The channel breakout and short squeeze could extend gains toward $0.20, though a lack of sustained demand risks a pullback to $0.14.
Source: AMBCrypto