In the wild world of meme coins, where hype often trumps fundamentals, $USELESS stands out as a prime example of self-aware satire. Launched on the Solana blockchain in May 2025, this token proudly boasts zero utility, embracing the absurdity of the crypto space. But even in the realm of "useless" assets, technical analysis can offer intriguing insights. A recent X thread from trader @3lockedin3 has sparked interest by suggesting that $USELESS might be at a prime buying spot. Let's break it down step by step.

The Big Picture: Zooming Out for Clarity

As @3lockedin3 points out, sometimes the key to spotting opportunities is simply stepping back. The chart above, pulled from TradingView, shows $USELESS's price action over recent months. After a volatile run-up and subsequent pullback, the token is now hovering in what could be a value zone. This isn't about moonshots or lambos—it's about reading the signals that suggest a potential rebound.

Key Technical Signals Highlighted

Here's a closer look at the four main points from the thread, explained in plain English for anyone dipping their toes into crypto trading:

• Macro Golden Pocket: This refers to the "golden pocket" in Fibonacci retracement levels, typically between the 0.618 and 0.65 levels. It's a popular support zone where prices often bounce back after a decline. For $USELESS, being within this pocket on a higher timeframe suggests the sell-off might be overextended, creating a favorable entry point for buyers.

• Bounce from Anchored VWAP: VWAP stands for Volume Weighted Average Price, a tool that factors in both price and trading volume to show the average price a security has traded at. An "anchored" VWAP starts from a specific point, like a market bottom. The chart shows $USELESS getting a solid bounce from this level, indicating strong support where buyers are stepping in.

• Bullish RSI Divergence on the 12-Hour Chart: RSI, or Relative Strength Index, measures whether an asset is overbought or oversold. A bullish divergence happens when the price makes lower lows, but the RSI makes higher lows—hinting at weakening downward momentum. On the 12-hour timeframe, this setup for $USELESS could signal an upcoming reversal.

• Stoch RSI Oversold with Bullish Divergence: The Stochastic RSI combines stochastic oscillators with RSI for more sensitive readings. When it's extremely oversold (below 20), it often precedes a price uptick. Paired with bullish divergence, this adds another layer of optimism, suggesting the token is due for some upward movement.

These indicators aren't foolproof—meme coins like $USELESS thrive on community sentiment and market whims—but when they align like this, it's worth paying attention.

Community Buzz and Broader Context

The thread has garnered likes, reposts, and replies, with traders chiming in on their own positions. Some are adding "generational longs" (meaning long-term buys at what they see as rock-bottom prices), while others draw parallels to other Solana memes like $WAGMI or $PEEPO. $USELESS itself has had a rollercoaster ride, surging on exchange listings like Coinbase and MEXC, only to face corrections. With a market cap that's fluctuated wildly, it's a reminder of the high-risk, high-reward nature of these tokens.

For blockchain practitioners, this highlights how even "useless" projects can serve as case studies in market psychology and technical trading. Solana's fast, low-cost ecosystem has fueled the meme coin boom, making it easier for tokens like this to gain traction via platforms like Raydium.

Final Thoughts for Traders

If you're eyeing $USELESS, consider this analysis as a starting point. Always do your own research—check on-chain metrics, holder distribution, and overall market conditions. Meme coins can pump hard, but they can dump just as fast. As @3lockedin3 wraps up, this feels like a value area, prompting them to add more spot positions. Whether it bounces or not, it's a fun glimpse into the meme token trenches.

Stay tuned to Meme Insider for more breakdowns on emerging tokens and trading strategies. What's your take on $USELESS—buy the dip or steer clear?