MemeCore (M) Technical Analysis
Current Market Status
Price: $1.49 USD
Market Cap: $2.57 billion
24h Volume: $17.3 million
24h Change: -0.24%
7d Change: -4.96%
Risk Score: 63.55 (Moderate-High)
Technical Indicators
Momentum Indicators
RSI on the daily chart has climbed to 56.22, crossing above its signal line at 49.27—a mild bullish sign. This indicates diminishing selling pressure with potential for stronger bullish confirmation if RSI crosses above 50.
According to 4-hour technical analysis, the trading signal is Buy, while daily and weekly signals show Sell, suggesting conflicting timeframe dynamics.
Moving Averages
MemeCore is positioned between the 50-day moving average at $1.555 and the 100-day moving average at $1.889. M successfully flipped its EMA20 at $1.46 and was testing EMA 50 at $1.52, validating trend strength on intermediate timeframes.
Volume Analysis
MemeCore's 24h volume dropped 4.3% to $63.3M despite the price rise, indicating declining participation. The turnover ratio fell to 3.63% – below the 5% threshold for healthy liquidity, suggesting weakening volume confirmation.
Key Support Levels
| Level | Significance |
|---|
| $1.20 | Critical support level; if the speculative bubble in the futures market bursts, Memecore will decline to $1.3, with $1.2 as the critical support level |
| $1.30 | Secondary support; represents intermediate floor |
| $1.50 | Stronger support level that could provide a safety net if the price dips further |
| $1.55-$1.56 | Immediate support that has helped prevent further declines in recent sessions |
Key Resistance Levels
| Level | Significance |
|---|
| $1.52 | M token remains confined within a fair value gap and below the $1.39–$1.52 resistance zone, where multiple attempts to break through have faltered |
| $1.89 | MemeCore's resistance is seen at $1.89, near the 100-day moving average |
| $2.02 | Previously acted as a barrier |
| $2.30-$2.58 | If demand holds, M could flip $1.52 and target its key resistance at $2.58 |
Chart Patterns
MemeCore is trading in a narrow range, suggesting short-term consolidation, forming a short-term consolidation pattern, sometimes referred to as a rectangle or range-bound structure, where the price oscillates between defined support and resistance levels.
MemeCore laid out an Ascending Channel pattern—a bullish pattern that forms when an asset's price makes higher highs and higher lows, with the price moving between two parallel trend lines.
Directional Movement Analysis
For the uptrend to strengthen, the Directional Movement Index (DMI) must form a positive crossover between the +DI (18.69) and -DI (19.43) lines. The Aroon Indicator shows Aroon Up surpassing Aroon Down, pointing to early accumulation phases; for stronger confirmation, Aroon Up would need to approach 100 while Aroon Down nears zero.
Short-Term Outlook (Hourly/Daily)
MemeCore's M token rally appears supported by recovering RSI at 41.27 and positive funding rates, but sustainability depends on breaking resistance at $1.39–$1.52. A decisive close above this level could open paths to $1.82–$1.93, supported by nearby liquidity pools that often draw price action upward.
Bearish Scenario: Overbought RSI readings above 90 historically precede 15-30% corrections in meme coins; immediate support at $1.23 (Fibonacci level) failed to hold during hourly dips.
Medium-Term Outlook (Weekly)
While the broader memecoin sector struggles with a 21% decline, MemeCore's infrastructure focus could drive further gains if volume holds steady. If confirmed, M could retest $2.30 and aim for $2.50 resistance; a rejection or shift in sentiment could drag prices back toward $1.90 support.
Volatility & Risk Assessment
Volatility Score: 30.00 (Moderate)
Liquidity Score: 35.16 (Low-Moderate)
While bullish on paper, the extreme RSI and reliance on speculative MRC-20 token rotations suggest heightened volatility risk. ATR (14) highlights high volatility at 0.19, which matches MemeCore's sharp price swings.
Trading Volume Dynamics
Derivatives Volume rose 37% to $70.7 million, while Open interest (OI) climbed 26% to $31.3 million; when OI and volume rise in tandem, it signals increased participation and capital flow into the futures market.
The memecoin's Long Short Ratio remained below 1, falling further to 0.9; Binance Top Traders' accounts recorded the lowest ratio of 0.4, suggesting that most traders have been largely bearish and actively taking short positions.
Key Levels Summary
- Immediate Support: $1.50-$1.55
- Primary Resistance: $1.52-$1.89
- Secondary Resistance: $2.02-$2.30
- Critical Support: $1.20
- Extended Target: $2.58
