USELESS and MORI Memecoins Hit New All-Time Highs: Can the Momentum Continue?
While Bitcoin (BTC) and major altcoins continue to consolidate below their previous highs, memecoins are stealing the spotlight. Leading the pack are USELESS and MORI, both of which have surged nearly 1,000% in recent weeks, setting new all-time highs as July begins.
These Solana-based tokens are riding a wave of speculation, influencer hype, and parabolic technical formations. Let’s dive into their price action, what the charts suggest next, and whether this is the start of something bigger, or a momentary high.
USELESS Hits $0.31 as Wave 3 Rally Peaks
The USELESS token emerged quietly in May, but its real breakout began in June, following a decisive move past its previous all-time high. The rally accelerated, culminating in a July 7 high of $0.31. Analysts believe this move completes wave three of a classic five-wave Elliott Wave pattern.
Technically, USELESS now shows multiple signs of a potential local top:
- A bearish divergence has formed on the RSI, signaling weakening momentum.
- The MACD is nearing a bearish crossover, suggesting trend exhaustion.
- A daily close below $0.26 would confirm a reversal and could open the door to a drop toward the $0.19 support area.
Despite short-term bearish signals, a return to $0.19 may only represent wave four, with wave five likely to follow, pushing prices to even higher territory.
MORI Follows USELESS with Its Own Parabolic Rise
Like USELESS, MORI has also been in a powerful uptrend, hitting new highs on a shorter time frame. The chart suggests MORI has also completed wave three of a five-wave move, implying a correction may be imminent.
Unlike USELESS, however, MORI lacks extensive technical indicators due to limited trading history. The absence of RSI and MACD divergence data makes it harder to predict near-term moves confidently.
Still, the support zone at $0.165 is being eyed as the most likely level for a retracement before any fresh breakout.
Hype vs Fundamentals: What’s Driving These Rallies?
USELESS was propelled into the limelight by top Solana influencer Unipcs, known in the crypto space as Bonk Guy. His viral tweets and bullish forecasts led to significant retail and trader attention. Other well-known figures, including Bluntz_Capital, have also backed the token, helping it surge by over 850%.
By contrast, MORI’s price action appears to be driven more by speculation and chart momentum than community engagement. It lacks the high-profile endorsements USELESS enjoys, which could make it more susceptible to volatility.
What Comes Next for USELESS and MORI?
Both USELESS and MORI have defied broader market trends by setting fresh all-time highs, while Bitcoin and Ethereum continue to range. But parabolic rallies rarely last forever, and signs now point to short-term corrections for both tokens.
Even so, if these corrections are part of wave four, then new highs could follow as part of wave five—especially if bullish sentiment and community support remain strong.
Key levels to watch in the coming days:
- USELESS: Support at $0.26 and $0.19, with a breakout target above $0.31
- MORI: Support at $0.165, with upside continuation possible if volume returns
Final Thoughts
As July unfolds, USELESS and MORI remain two of the most exciting memecoins in the current cycle. Both have captured the attention of momentum traders and speculators alike. Whether this rally continues or corrects in the near term, these tokens have proven that meme-fueled market activity is far from over in 2025.
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