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Useless Coin [USELESS] was down roughly 13% over the past 24 hours at press time, with the asset sliding into the lower band of the Bollinger Bands, Ambcrypto reported. That zone typically reflects heavy selling pressure, and the outlet noted the condition has historically preceded upward rebounds.
Analyst Olayiwola Dolapo wrote the report, which was reviewed by Jacob Thomas and updated at 13:00 EDT on October 13, 2026.
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Key facts
- USELESS fell about 13% over the prior 24 hours at press time.
- The token traded in the lower Bollinger Band, which Ambcrypto flagged as an oversold signal.
- Spot Net Inflow stood near -$432,000, with accumulation running for more than 36 hours.
- USELESS drew roughly $1.22 million in spot accumulation on the previous day.
- The all-venue long/short ratio tracked by CoinGlass read 1.05.
Oversold bands and the levels in play
The Bollinger Band reading is the central technical fact in the report. A drop into the lower band implies aggressive selling drove the price to that point, and Ambcrypto said an oversold market has historically put an asset near an upward reversal.
The possible rebound targets cited were the middle band around $0.22 and the upper band at $0.33, with room to extend higher. The Accumulation/Distribution indicator leaned the same way but more moderately, ticking up to about 815.15 million USELESS in weighted volume over the past day.
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Spot flows lean bullish, whales lean bearish
Spot market netflow, which measures the dollar value moving into and out of the market, showed buying pressure. Ambcrypto recorded total Spot Net Inflow near -$432,000 at press time. A negative reading means more USELESS is leaving exchange wallets for private wallets, which the outlet read as buying and a sign holders intend to keep the token longer.
The pace slowed on October 13 compared with the prior day, when investors took in roughly $1.22 million worth of USELESS. Even so, continued outflows added to the case for a rebound.
The derivatives picture was less one-sided. The Long/Short Ratio showed whales bearish on both Binance and OKX, and Ambcrypto noted that large bearish positioning can slow a rally. Across all venues where USELESS trades, however, the CoinGlass ratio of 1.05 put the general consensus with the bulls.
Why it matters
USELESS is a memecoin whose price is driven heavily by flow and positioning rather than fundamentals, so the divergence between spot accumulation and whale derivatives bets is the story traders are weighing. Spot outflows suggest holders are taking tokens off exchanges, while the whale skew suggests large players are positioned against a sharp move up. The two can coexist without cancelling out, and the report’s own framing treats whale positioning as a reason for skepticism rather than a reversal of the broader bullish tilt.
What to watch
The immediate markers are whether USELESS holds above the lower Bollinger Band and whether spot outflows continue past the 36-hour run already logged. A move toward the $0.22 middle band or the $0.33 upper band would confirm the rebound thesis; a renewed slide would validate the whale side. This is not financial advice — crypto markets are volatile and uncertain, and readers should do their own research.
Reported by ambcrypto.com.
Source: AMBCrypto