South Korea's Upbit Exchange Lists USELESS, Fueling Fresh Breakout Hopes USELESS jumped 12% on Tuesday and reclaimed $0.26 after South Korea's Upbit exchange added the meme token across its KRW, BTC and USDT markets, even as futures traders scaled back their positions. The meme token USELESS is back in the spotlight this Tuesday, climbing roughly 12% on the day and pushing back above the $0.26 mark just as South Korea's Upbit exchange confirmed fresh trading support for the coin. Upbit Opens Three New Trading Pairs Upbit has added USELESS across its KRW, BTC and USDT markets, giving Korean traders direct access to the token for the first time through one of the region's largest exchanges. Along with the listing came a set of ground rules. Coins sent in from platforms outside Upbit's approved Virtual Asset Service Provider (VASP) network will not be credited automatically, and getting those funds returned afterward can take a considerable amount of time. Anyone moving USELESS from a personal wallet will only be able to deposit or withdraw once their account ownership has been verified, and larger transactions may additionally require proof of where the funds originated. A Rally That Has Already Run 260% The listing news lands on top of an already sharp move. USELESS bottomed out near $0.15 on September 1 and then tore higher, adding roughly 260% to touch a peak close to $0.32 last Saturday. Since then the token has cooled slightly but has kept a firm floor at $0.20, and Tuesday's session has it changing hands above $0.26 again. Chart watchers now see $0.26 as the level that needs to hold; slipping back beneath it risks a retest of the $0.20 support, while a clean push through the $0.30 ceiling would open the door toward $0.40. The Technical Setup Still Leans Bullish Beyond the raw price action, the broader chart structure continues to favour buyers. USELESS's major moving averages are all pointed higher, and the Moving Average Convergence Divergence (MACD) histogram sits in positive territory, a signal that momentum still tilts upward. As long as the token stays above the cluster of moving averages sitting between $0.08 and $0.15, any near-term dip would likely be read as a routine pullback inside a larger uptrend rather than the start of a deeper decline. A decisive break above $0.30, on the other hand, would strengthen the bullish case and raise the odds of an extended climb. Futures Traders Are Quietly Stepping Back Not everything in the data points the same way, however. Even as spot prices climbed, activity in the futures market has been shrinking. Open Interest (OI) on USELESS derivatives slipped to 461 million tokens on Tuesday, down from 483 million the previous day and sharply lower than the 638 million recorded last Wednesday. That steady decline suggests leveraged traders are cutting exposure rather than piling in, and if the trend continues, the coin could end up short of the extra buying power it would need to keep extending the rally. Why Open Interest and Funding Rates Matter Open Interest is essentially a running tally of how much money is tied up in open futures positions, and it is often used as a rough gauge of liquidity and fresh capital entering a market. When it rises alongside price, it is usually taken as a sign that the trend has real backing and could keep going. When it falls, as it has been doing for USELESS this week, it typically points to positions being closed out and traders stepping to the sidelines, which tends to dampen overall demand. Funding rates work alongside Open Interest to keep a futures contract's price tethered to the spot market, nudging traders on one side of the trade to pay the other. A funding rate that stays consistently high and positive usually reflects a crowd leaning bullish and betting on further gains. A rate that stays negative for a sustained stretch tends to mean the opposite, traders positioning for a drop and possibly a reversal of the existing trend. Other Meme Coins Are Also in Focus USELESS is not the only token drawing attention right now. Shiba Inu has stalled just above $0.00000500 after two straight months of gains, with its upward push losing steam and a rise in the coin's supply sitting on exchanges hinting that some holders may be preparing to lock in profits despite ongoing token burns. Dogecoin, meanwhile, is holding a mildly bullish stance above the $0.090 support zone but remains capped just below its 200-day Exponential Moving Average near $0.094; on-chain activity shows some large wallets adding to their DOGE holdings, and strengthening derivatives data points to a possible rally ahead. Ripple and Stellar are also sitting above their respective support zones, with positive funding rates and a rise in long positions across both tokens' derivatives markets pointing to a bullish lean among traders. What this means for you For anyone trading or holding meme coins, this USELESS episode carries some concrete signals. • New access for Korean traders: The Upbit listing means USELESS can now be bought directly through KRW, BTC and USDT pairs. That opens the token to one of the region's largest trading populations, which could shift liquidity and volume in the coming days. • Watch these price levels: $0.26 and $0.30 are the key markers right now. Holding above $0.30 could open a path toward $0.40, while losing $0.26 risks a slide back to the $0.20 support. • Mind the deposit and withdrawal rules: Coins sent from unapproved exchanges will not be credited and refunds can take a long time. Traders on Upbit should have ownership verification and, for larger transfers, source-of-funds proof ready in advance. • A caution for leveraged traders: Futures Open Interest has been falling for three straight sessions, signalling weakening leveraged demand. Anyone trading USELESS futures should keep stop-losses tight, since the price rally isn't yet backed by growing derivatives positioning. Why this happened The current move in USELESS is the product of two separate forces, one technical and one news-driven, while weakness in the derivatives market is flagging a real risk to how far it can run. • Momentum was already building: The token had already rallied 260% from its September 1 low near $0.15, with the $0.20 support holding firm, which left moving averages and the MACD histogram tilted bullish before Tuesday even began. • The Upbit listing added a fresh trigger: Gaining support on a major Korean exchange across KRW, BTC and USDT pairs raised expectations of new demand and visibility, helping drive Tuesday's 12% jump. • Derivatives weakness is a counter-signal: Futures Open Interest has fallen for three straight sessions, showing that leveraged traders are not matching the enthusiasm visible in the spot price. • What could come next: If Open Interest starts rising alongside spot prices, the rally would gain real backing; if the decline continues, a break of the $0.26 level and a pullback toward $0.20 becomes more likely. Questions & Answers 1. Why is USELESS trending today? South Korea's Upbit exchange listed the token across KRW, BTC and USDT pairs, and USELESS jumped 12% on Tuesday alongside the news. 2. How much has USELESS risen recently? It climbed roughly 260% from a low near $0.15 on September 1 to a peak of about $0.32 last Saturday. 3. What deposit rules has Upbit set for USELESS? Coins sent from exchanges outside Upbit's approved VASP list won't be credited and refunds may take a long time, while personal wallet transfers require completed ownership verification. 4. What's the next bullish level to watch for USELESS? A decisive break above $0.30 could open the path toward $0.40. 5. When would the rally be at risk? Losing the $0.26 pivot level could send USELESS back down to retest the $0.20 support. 6. What weakness is showing up in the futures market? Open Interest fell to 461 million tokens on Tuesday, sharply down from 638 million last Wednesday. 7. What does rising or falling Open Interest indicate? Rising Open Interest points to new capital and a strengthening trend, while falling Open Interest signals closed positions and weakening demand. 8. How do funding rates reveal investor sentiment? A consistently high, positive funding rate signals bullish sentiment, while a persistently negative rate points to bearish expectations. https://trendkia.com/en/crypto/sautha-koriya-ke-upbit-eksachenja-ne-lista-kiya-useless-kimata-men-nai-teji-ke-asara-29574 TrendKia — Har trend, sabse pehle.