MemeCore (M) attracts attention due to one of the strongest rallies in the memecoin market. Currently, the token is showing growth that piques investor interest.
Daily Chart Analysis
On the daily chart, MemeCore is trading around $1.71, marking a 28% gain in the last 24 hours. The token has surged from below $0.80 just a few days ago, breaking through resistance levels with little retracement.
A key observation is the 20-day EMA (Exponential Moving Average), which currently sits at **$0.75**. Price action is trading significantly above this level, confirming strong bullish momentum. Historically, when an asset maintains such a wide gap above its EMA during a breakout, it signals sustained buying pressure and confidence among traders.
The vertical green candles show aggressive accumulation, suggesting that MemeCore may not yet be in an overextended zone on the daily timeframe. However, volatility is high, and sudden corrections cannot be ruled out.
4-Hour Chart Analysis
The 4-hour timeframe provides more clarity on short-term momentum. MemeCore has surged from $0.60 to $1.70 in less than a week, showing an almost vertical move. The 20 EMA at $1.16 is acting as a dynamic support level, and price has consistently bounced higher after every test of this line.
Momentum is accelerating, as shown by the sequence of higher highs and higher lows. The recent candlestick formation suggests strong buyer dominance, with little selling pressure able to hold the token down.
If the parabolic structure continues, MemeCore could see another strong impulse toward $2.00–$2.20 in the coming sessions. However, if a pullback occurs, traders should watch the $1.20–$1.30 zone for a potential rebound.
Market Sentiment
MemeCore’s price action is clearly being driven by hype and speculative interest, which is common in memecoins. The explosive surge has caught the attention of traders who chase momentum, which may further fuel volatility. While the rally looks strong, investors should be cautious of potential corrections after such steep gains.
MemeCore (M) is currently in a powerful uptrend, with strong support levels and growing market confidence. The break above $1.50 has opened the door for a possible move toward $2.00 and beyond. However, traders should remain cautious, as parabolic rallies often come with sharp retracements.
