USELESS Price Analysis: Solana Memecoin Flashes 50% Crash Potential

Useless (USELESS), a Solana-based memecoin, has surged more than 900% from its August low to trade near $0.337 on Wednesday, its highest level since October 2025.

In my view, these gains won’t hold for too long, which may lead USELESS down at least 50% from its current levels. Let’s examine.

USELESS Liquidation Map Warns of $6.7 Million Long Squeeze

USELESS’s one-week liquidation heatmap shows a large imbalance in leveraged positions, with substantially more long positions exposed below the current price than short positions sitting above it.

If USELESS extends its rally to around $0.347, roughly $540,000 worth of cumulative short positions could be liquidated, according to CoinGlass data. That is relatively small compared with the downside exposure.

A decline toward $0.10, for instance, could wipe out nearly $6.70 million in cumulative leveraged long positions. In other words, traders betting on further gains currently have far more capital vulnerable to forced liquidation than bears betting on a decline.

The largest liquidity concentration, or so-called “magnet zone,” sits near $0.1483.

Around $266,170 worth of long liquidations are concentrated at that specific level, while cumulative long liquidations would reach roughly $4.46 million if USELESS falls that far.

For beginners, a liquidation occurs when an exchange automatically closes a leveraged position because the trader no longer has enough collateral to cover losses.

When many liquidation levels cluster around the same price, an initial decline can trigger forced selling, which pushes prices lower and potentially liquidates even more traders.

That makes the structure particularly risky after USELESS’s roughly 900% rally. A drop to the $0.1483 liquidity cluster would represent a decline of about 56% from $0.337, while a move toward $0.10 would erase roughly 70%.

USELESS Broadening Wedge Warns of a 50% Price Drop

USELESS’s four-hour chart is also flashing a bearish technical setup after its near-vertical September rally.

The memecoin appears to be trading inside an ascending broadening wedge, a structure formed by two diverging trendlines as price swings become progressively wider. Such patterns often signal increasing volatility and weakening trend control, particularly after an extended rally.

USELESS is currently testing the wedge’s upper boundary near the $0.32–$0.34 area after rebounding from roughly $0.20. However, the latest price high has not been confirmed by momentum.

The four-hour relative strength index, or RSI, is forming a bearish divergence: USELESS has pushed to a higher price high, while the RSI has produced a lower high compared with its previous peak.

For beginners, that means price is still rising, but the momentum behind the rally is weakening, a condition that can precede a reversal.

A rejection from the wedge’s upper trendline could therefore send USELESS back toward its lower boundary.

That downside target currently sits near $0.16–$0.17, almost directly alongside the token’s rising 100-period four-hour EMA at around $0.163.

A decline toward $0.163 from the current price near $0.322 would amount to a correction of roughly 49%.

The bearish setup would weaken if USELESS decisively breaks above the wedge’s upper trendline and sustains the move above the recent $0.34–$0.35 resistance area.