memecore

MemeCore (M) has recently returned to the spotlight after posting an 8% daily gain, rebounding strongly from a key technical confluence zone around $1.50. This move followed a successful bullish reaction at the intersection of an ascending trendline and a major Exponential Moving Average (EMA) support, signaling a noticeable shift in short-term momentum.
The rebound came after nearly a week of tight-range consolidation, during which price action showed clear signs of compression. Over recent sessions, M has been trading within a defined structure, repeatedly testing structural support levels without producing a decisive breakdown. Since late December, the token has formed a pennant pattern, typically associated with market indecision and volatility contraction.
At this stage, the consolidation phase on the daily chart appears to be approaching its conclusion. The latest bullish impulse has allowed buyers to regain control, pushing price toward the next technically significant zone — the $1.90 resistance level, which now stands as the market’s immediate focal point.
$1.90: The Next Decisive Test
Following the successful defense of the support confluence, $1.90 has emerged as the next major resistance. This zone is expected to attract renewed selling interest and could act as a short-term ceiling for price appreciation.
Repeated approaches toward this level have drawn heightened attention from traders, as price behavior around $1.90 is likely to define the near-term trend. While bullish momentum remains intact for now, market participants are closely monitoring whether buyers can absorb selling pressure and establish acceptance above this resistance.
Futures Volume Surge Signals Growing Trader Interest
According to data from Coinglass, MemeCore’s daily futures trading volume increased by approximately $2.4 million, reaching a total of $36.63 million. This sharp rise highlights growing trader participation and elevated short-term interest in price fluctuations.
Rising derivatives volume often coincides with increased volatility, which can act as a catalyst for a breakout if bullish control persists. However, it can also amplify downside moves if sentiment shifts abruptly.
On-Chain Metrics Flash a Note of Caution
Despite the constructive technical structure, on-chain indicators suggest that caution is warranted. The Price-Adjusted DAA Divergence for M currently stands at -82%, indicating a significant divergence between price movement and network activity.
Such deeply negative readings are often interpreted as warning signals, suggesting that price may be running ahead of underlying on-chain fundamentals. Historically, elevated negative divergence can reduce the sustainability of rallies if speculative momentum fades.
Overall, while MemeCore maintains a bullish market structure, the current advance could lose strength if on-chain signals continue to diverge from price action. The coming sessions around the $1.90 resistance will likely prove critical in determining whether this move develops into a sustained breakout or transitions into another consolidation phase.
This article is for informational purposes only and does not constitute financial or investment advice. Readers should conduct their own research and are solely responsible for their investment decisions.
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Se hai mai pensato che i meme fossero solo per ridere, ripensaci! MemeCore è qui per trasformare i meme in un movimento alimentato dalla blockchain. Al suo interno si trova la $M moneta, il token nativo di MemeCore, una Catena dei Meme di Livello 1 progettata per connettere creatori, comunità e app decentralizzate (DApps) attraverso il linguaggio universale dei meme.
🌐 Che cos'è MemeCore?
- Catena dei Meme (L1): MemeCore non è solo un altro progetto meme. È un ecosistema blockchain costruito specificamente per la cultura dei meme.
- Comunità al Primo Posto: Potenzia i creatori e le comunità per elevare il divertimento mentre costruisce valore reale.