- MemeCore price showing outstanding performance on the daily technical chart become the best performainer in last 24 hours.
- M price is is surged by almost 36%in last 24 hours and in last one month price is surged by almost 95% showing bullishness.
MemeCore (M) has become the most successful player in the crypto arena, with outstanding returns that have drawn the interest of both traders and analysts. As per CMC data, the token is trading at about $0.88 and has shown impressive performance over various timeframes, making it one of the most attractive opportunities in the existing market cycle.
MemeCore has a very bullish technical picture on all the major indicators. The price movement reveals a dramatic reversal of the previous consolidation stages as the token moves past the major resistance points of $0.50 and moves on its unstoppable upward trend. The 50-day EMA at $0.4595 is currently acting as a solid dynamic support, which means that the underlying trend is still strongly in place. This EMA placement implies that any pullback that may occur must have buyers intervening at these levels.
What Next For MemeCore Price?
The RSI value of 82.14 is high momentum, but it is nearly overbought. Although this generally indicates caution, in highly trending markets such as the one MemeCore is currently in, RSI may be high over a long period. The trick will be to look out for any divergences between price action and momentum indicators in the future.
The MACD momentum analysis indicates a very promising picture, as the indicator reflects bullishness as the MACD curve is trading above the signal curve. This structure indicates that the pressure to buy remains stronger than the selling interest, and the current uptrend should be maintained. This interpretation of bullish momentum is strengthened by the expansion of the histogram.
The green signal of the SuperTrend indicator is another evidence of the positive trend. This trend-following indicator has been shown to be effective in detecting significant directional changes, and its present location is a strong argument in favour of the possibility of further price increases.
MemeCore has some impressive statistics in terms of performance. The token has increased by about 36% in the past 24 hours alone, which is added to an amazing 95% increase in the past month. The most notable perhaps is the 2,527% rise since its all-time low of $0.03524, which shows the explosive potential that has drawn much attention in the market.
In the long term, the technical analysis indicates that the target could be $1.00, which would be a further increase in the value compared to the present level. Nonetheless, traders are advised to be cautious of the high RSI values and take action accordingly by applying relevant risk management measures due to the recent spike in the value of the token.
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