Useless Coin targets $0.21 – Can bulls overcome rising liquidation risks?

Useless Coin [USELESS] has extended its bullish trend after a successful breakout at the support zone between $0.125 and $0.145 two days ago. At the time of writing, the token had recorded a 12% surge and was trading above both the 20-day and 50-day Exponential Moving Averages. Additionally, the token Spot inflows have so far recorded two consecutive days of positive inflows. At the same time, the network’s Open Interest (OI) has recorded a sharp spike alongside its Weighted Funding Rate. With the next major liquidity cluster near $0.21, can buyers sustain the rally and challenge the previous swing high? Positive spot flows support the recovery According to the recent on-chain data, USELESS has booked two consecutive days of positive spot inflows.

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