MemeCore (M) has become one of the most talked-about meme coins in recent months due to its unusual price movements and strong market performance.
After a long bullish run, the token is now experiencing a brief pullback, a normal part of its market cycle that could present trading opportunities, especially as the broader cryptocurrency market trends upward.
The key question now is whether this is a healthy dip worth buying or the end of its recent parabolic run. While MemeCore remains in a bearish phase, market attention has begun shifting toward other emerging meme coins that could follow a similar growth trajectory.
One such project is Snorter Token, currently in its presale phase and being discussed among analysts as a potential next 100x crypto based on its early traction and growing investor interest.
Source – Cryptonews YouTube Channel
MemeCore Price Analysis
In the last seven days, MemeCore has moved opposite to the prevailing market trend, showing a pullback. This movement, while seemingly concerning, can be viewed as a natural part of the trading cycle, especially for an asset that has experienced strong upward momentum.
MemeCore recently went through a prolonged bullish period, prompting many traders to take profits and recycle those funds into other meme coins or assets that are just beginning to rise. This capital rotation naturally leads to a temporary price decrease for the asset where profits are being taken.
Over the last month, $M remains up an impressive 106%. However, it has dropped 10.45% over the past seven days and is down 3.41% in the last 24 hours.
The asset recently surged to a $3 billion market cap from $400 million without any major or sustained pullback. A brief dip to a $1.7 billion market cap was quickly bought up, demonstrating strong underlying support.
This recent cooldown appears to be a healthy consolidation phase following such a powerful run. Analyzing the pattern of higher highs and higher lows remains crucial to understanding the asset’s overall market structure and predicting its future trajectory.
Alongside its market movements, MemeCore continues to engage its community through events and campaigns. MemeCore announced the HALLO MEME Review Event on Twitter, encouraging participants to share their experiences with HALLO MEME.
MemeCore Price Prediction
A closer look at the chart reveals key technical indicators and a potential trading setup. Analysis shows two notable downward trend lines, suggesting a possible parallel channel formation.
By duplicating the upper trend line, strong confluence with previous support and resistance points becomes evident, confirming the structure. This channel highlights a major resistance zone around $2.19, a critical decision point for traders.
This level could lead to one of two outcomes: a price rejection at resistance, opening an opportunity for a short position, or a breakout above the resistance, signaling a continuation of the bullish trend. If a confirmed breakout occurs, it could result in a highly profitable move.
The potential measured move from a successful breakout of this structure is approximately 13%, which, when leveraged at a typical 10x, translates to a possible 130% return on that position.
In a breakout scenario, traders may consider layering Take-Profit (TP) targets at key levels:
- TP1: Around 1.8%, near the first resistance area.
- TP2: Around 2%, aligning with a Fibonacci level and the downward trend line.
- Final TP: Around 13%, representing the full measured move of the breakout.
Market momentum indicators also suggest that MemeCore could be nearing its next explosive move. Both momentum and stochastic oscillators are currently showing low readings, often a precursor to renewed bullish momentum once selling pressure begins to ease.
Next 100x Crypto Powering a Safer and Smarter Meme Coin Trading Bot
Snorter Token (SNORT) powers the upcoming Snorter Telegram bot, a simple trading tool built for meme coin traders. The bot aims to make trading easier for small investors who usually struggle to compete with large whales that use advanced tools and algorithms.
Snorter Bot helps level the playing field by allowing users to place buy, sell, limit, and stop orders for meme coins directly inside Telegram while avoiding common on-chain risks.
It works like chatting with a friend, where traders simply type their orders, and the bot executes them instantly when liquidity appears, allowing retail traders to trade as quickly as larger players.
It also includes a copy-trading feature that lets users follow and learn from profitable blockchain traders, helping them improve their own trading skills and strategies. To keep users safe, Snorter Bot uses MEV-resistant layers that protect against scams such as honeypots, rug pulls, and sandwich attacks.
It sends transactions privately to validators to prevent frontrunning and monitors prices in real time to cancel or adjust orders if it detects suspicious activity. Transactions are also grouped with others, making it harder for attackers to exploit trades.
$SNORT holders can earn rewards by staking their tokens, with dynamic annual yields of around 112%. The presale price of $0.1069 will last for 16 more days, and the project has already raised around $4.2 million.
With exchange listings expected by the end of the month, Snorter Token is being discussed as a potential next 100x crypto and could become one of the standout projects this Uptober.
Visit Snorter Token
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