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MemeCore Rockets 40% in a Day; Eyes Return To All-Time High

2 mins
Updated by Ann Maria Shibu
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In Brief

  • MemeCore surges 40% in 24 hours to $0.87, topping the market with strong bullish momentum and positive investor sentiment.
  • Trading well above its Super Trend support at $0.47, M shows buyers in control with potential to revisit its $1.13 all-time high.
  • Sustained demand could drive a breakout, though profit-taking risks may trigger a pullback toward $0.71 if momentum weakens.
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MemeCore (M) has surged nearly 40% in the last 24 hours, making it the market’s top gainer today. The Layer-1 (L1) coin trades at $0.87 as of this writing.

The token’s rally comes amid broader market recovery, with key technical indicators suggesting momentum may continue. 

MemeCore Bulls Eye Breakout Beyond All-Time High

Readings from the M/USDT daily chart show that coin trading is significantly above its Super Trend indicator, which currently forms dynamic support below it at $0.47. 

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

MemeCore Price Analysis
MemeCore Price Analysis. Source: TradingView

The Super Trend indicator helps traders identify the prevailing market direction by plotting a line above or below an asset’s price. When the line sits below the price, it signals a bullish trend and acts as a support level. Conversely, when the line shifts above the price, it indicates a bearish outlook, often serving as resistance. 

For M, the indicator resting well below its current trading level reflects strong bullish momentum, suggesting buyers remain in control of the market. If this support holds, it could provide the foundation for the coin to revisit and potentially surpass its $1.13 all-time high.

Moreover, M’s weighted sentiment is currently positive at 0.162, confirming the bullish bias among market participants toward the altcoin.

M Weighted Sentiment.
M Weighted Sentiment. Source: Santiment

An asset’s weighted sentiment measures its overall positive or negative bias by combining the volume of social media mentions with the tone of those discussions.

When the metric’s value is positive, it signals rising confidence and renewed interest in the asset. Conversely, a negative weighted sentiment means investors have become skeptical of the asset’s short-term prospects, which may cause them to trade less. 

In M’s case, the positive sentiment suggests growing confidence among investors and strengthens the likelihood of a continued uptrend.

Rally Toward $1.13 or Drop to $0.71?

A sustained buy-side pressure could trigger a breach above the resistance formed at $0.90. If this level holds as a strong support floor, it could pave the way for M to revisit its all-time high of $1.13.

M Price Analysis
M Price Analysis. Source: TradingView

However, a resurgence in selloffs could invalidate this bullish projection. If profit-taking resumes, M could shed some of its gains and fall toward $0.71.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Abiodun Oladokun
Abiodun Oladokun is a Technical and On-Chain Analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including decentralized finance (DeFi), real-world assets (RWA), artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), Layer 2s, and meme coins. Previously, he conducted market analysis and technical assessments of various altcoins at AMBCrypto, utilizing on-chain analytics platforms like Messari, Santiment...
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