{"id":427794,"date":"2026-05-20T11:41:22","date_gmt":"2026-05-20T06:11:22","guid":{"rendered":"https:\/\/dripp.zone\/news\/should-traders-expect-useless-to-rebound-now-after-surge-in-volume-open-interest-crypto-news\/"},"modified":"2026-05-20T11:52:55","modified_gmt":"2026-05-20T06:22:55","slug":"should-traders-expect-useless-to-rebound-now-after-surge-in-volume-open-interest-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/should-traders-expect-useless-to-rebound-now-after-surge-in-volume-open-interest-crypto-news\/","title":{"rendered":"Should traders expect USELESS to rebound now after surge in Volume, Open Interest? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-size: 1rem;\">USELESS might be be stabilizing after a week of sustained pressure, with the price reacting positively from a familiar demand zone around $0.050\u2013$0.056.<\/span><\/p>\n<p><span id=\"input-sentence~0\">This demand zone has initiated several rejections in the past, with the latest reaction suggesting that buyers may be stepping in again. Not aggressively, but with enough consistency to slow the decline and form a base. The most recent rejection came after a key breakout from a pennant trading pattern just a week ago.<\/span><\/p>\n<p>At the time of writing, the price was hovering above this zone at around $0.0593. The repeated defence of this region matters since the <span id=\"input-sentence~1\">markets tend to obey price levels where strong reactions previously occurred.<\/span><\/p>\n<figure id=\"attachment_600233\" aria-describedby=\"caption-attachment-600233\" style=\"width: 1312px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESSUSD_2026-05-20_06-52-40.png\" data-wpel-link=\"internal\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-600233 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESSUSD_2026-05-20_06-52-40.png\" alt=\"USELESS price action\" width=\"1312\" height=\"817\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESSUSD_2026-05-20_06-52-40.png 1312w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESSUSD_2026-05-20_06-52-40-300x187.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESSUSD_2026-05-20_06-52-40-1024x638.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESSUSD_2026-05-20_06-52-40-768x478.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESSUSD_2026-05-20_06-52-40-1200x747.png 1200w\" sizes=\"auto, (max-width: 1312px) 100vw, 1312px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-600233\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<h2><strong><span id=\"input-sentence~1\">Rising volume and Open Interest signal renewed engagement<\/span><\/strong><\/h2>\n<p><span id=\"input-sentence~1\">Zooming down to the network\u2019s on-chain metrics, there has been a gradual increase in participation. For instance \u2013 USELESS\u2019s spot volume climbed by 13% to $5.95 million over the last 24 hours.<\/span><\/p>\n<p>The surge suggested that traders may be beginning to re-engage with the market as the price stabilizes itself. When the volume rises upon the price action support reaction, it often reflects early positioning rather than late-stage chasing.<\/p>\n<figure id=\"attachment_600230\" aria-describedby=\"caption-attachment-600230\" style=\"width: 1283px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-600230 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"USELESS Spot Volume\" width=\"1283\" height=\"278\" data-lazy-srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume.png 1283w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume-300x65.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume-1024x222.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume-768x166.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume-1280x278.png 1280w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume-1200x260.png 1200w\" data-lazy-sizes=\"(max-width: 1283px) 100vw, 1283px\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-600230 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume.png\" alt=\"USELESS Spot Volume\" width=\"1283\" height=\"278\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume.png 1283w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume-300x65.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume-1024x222.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume-768x166.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume-1280x278.png 1280w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-spot-volume-1200x260.png 1200w\" sizes=\"auto, (max-width: 1283px) 100vw, 1283px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-600230\" class=\"wp-caption-text\">Source: Messari<\/figcaption><\/figure>\n<p>That\u2019s not all though as the token\u2019s<span id=\"input-sentence~1\"> Open Interest also increased by 6% to $11 million. That adds more weight to the likelihood of a rally continuation as institutional demand surges too.\u00a0<\/span><\/p>\n<p><span id=\"input-sentence~2\">Still, the pace has been controlled so far, keeping expectations grounded. The market may be building interest, but it hasn\u2019t fully committed to a strong directional move yet.<\/span><\/p>\n<figure id=\"attachment_600229\" aria-describedby=\"caption-attachment-600229\" style=\"width: 1397px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-open-interests.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-600229 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"USELESS open interests\" width=\"1397\" height=\"247\" data-lazy-srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-open-interests.png 1397w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-open-interests-300x53.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-open-interests-1024x181.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-open-interests-768x136.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-open-interests-1200x212.png 1200w\" data-lazy-sizes=\"(max-width: 1397px) 100vw, 1397px\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-open-interests.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-600229 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-open-interests.png\" alt=\"USELESS open interests\" width=\"1397\" height=\"247\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-open-interests.png 1397w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-open-interests-300x53.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-open-interests-1024x181.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-open-interests-768x136.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/USELESS-open-interests-1200x212.png 1200w\" sizes=\"auto, (max-width: 1397px) 100vw, 1397px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-600229\" class=\"wp-caption-text\">Source: Coinalyze<\/figcaption><\/figure>\n<h2><strong><span id=\"input-sentence~2\">Demand zone holds for now<\/span><\/strong><\/h2>\n<p><span id=\"input-sentence~2\">From a structural perspective, USELESS could also be transitioning out of its correction phase. The repeated defence of the $0.50\u2013$0.56 range suggested that sellers might be losing some control, even though buyers haven\u2019t fully taken over either.<\/span><\/p>\n<p><span id=\"input-sentence~3\">This creates a balanced setup.<\/span> <span id=\"input-sentence~4\">If the demand zone continues to hold and participation continues to improve, the market could gradually shift towards recovery. However, if momentum stalls, the price may continue to range within this zone before making a clearer move.<\/span><\/p>\n<h2><strong><span id=\"input-sentence~4\">A quiet build, not a confirmed breakout<\/span><\/strong><\/h2>\n<p><span id=\"input-sentence~4\">Put simply, USELESS didn\u2019t look like it\u2019s breaking out. Instead, it might just be rebuilding. The conditions for a potential continuation may be forming, with support holding and activity ticking higher.<\/span><\/p>\n<p><span id=\"input-sentence~4\">However, continuation depends on a follow-through buying spree. <\/span><span id=\"input-sentence~5\">If buyers can maintain pressure and push the price away from the demand zone with conviction, the current setup could evolve into a stronger upward move. <\/span><span id=\"input-sentence~5\">If not, the market may remain in consolidation as it searches for direction.\u00a0 <\/span><\/p>\n<p><span id=\"input-sentence~5\"><span class=\"aidr-ai-phrase-highlight\" data-ai-phrase-index=\"0\" data-ai-phrase-start=\"2397\" data-ai-phrase-end=\"2416\">Hence, the key takeaway is<\/span> simple \u2013 Bearish momentum has slowed down, interest may be returning, and the next move will likely depend on the demand zone strength.<\/span><\/p>\n<hr\/>\n<h2><strong>Final Summary<\/strong><\/h2>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>USELESS might be be stabilizing after a week of sustained pressure, with the price reacting positively from a familiar demand zone around $0.050\u2013$0.056. This demand zone has initiated several rejections in the past, with the latest reaction suggesting that buyers may be stepping in again. Not aggressively, but with enough consistency to slow the decline [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":427796,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[46629,230,225,221,208,227,226,228,229,60,223,224,222,47111],"class_list":["post-427794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-altcoin","tag-brave","tag-coinbase","tag-crypto","tag-crypto-news","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana","tag-useless"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/427794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=427794"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/427794\/revisions"}],"predecessor-version":[{"id":427797,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/427794\/revisions\/427797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/427796"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=427794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=427794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=427794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}