thenewscrypto.com
- MemeCore (M) went up 19% in 24 hours and is now trading at $1.50, after reaching a high of $1.59 during the day.
- The memecoin is facing resistance at $1.59 and has support around $1.27, showing steady trading activity.
MemeCore (M), a memecoin that recently peaked at $1.60, has seen a strong rebound in the recent days. MemeCore has gained 19% in the past 24 hours and is currently trading around $1.50, holding above its intraday low of $1.27. The token reached an intraday high of $1.59 but faced rejection near that level, causing a slight pullback to the current price.
But, Memecore’s trading volume and active addresses remain solid, reflecting sustained interest despite price fluctuations. The token’s market capitalization stands around $1.92 billion, with a daily trading volume of $10.87 million, up 37%.
MemeCore 24-H Price Outlook
MemeCore’s price has been moving within a range after pulling back from its peak. The 9-day moving average currently sits at $1.41, while the 21-day moving average is slightly higher at $1.46, suggesting some short-term momentum building. The price recently crossed above the 9-day moving average, which signals a positive momentum in the short term.
The Relative Strength Index (RSI) is near the midpoint at 51.31, indicating that the token is neither overbought nor oversold. This neutral reading suggests that MemeCore still has room to move in either direction depending on market dynamics.
From a technical viewpoint, if MemeCore continues the rally the next resistance level is near $1.59, close to the recent high, which could act as a barrier if buying pressure continues. On the downside, the immediate support appears around $1.27, the recent low, which could provide a floor if sellers gain control again.
Overall, MemeCore’s current price action and technical indicators suggest cautious optimism. If the token breaks above the $1.59 resistance, it may attract further buying, while a fall below $1.27 could lead to deeper correction.