MemeCore Smashes All-Time High Record with Explosive 21.77% Daily Rally

• MemeCore (M) price makes a new all-time high, demonstrating bullish momentum.

• MemeCore price has surged by almost 21.77% in the last 24 hours, and daily trading volume has increased by 85%.

MemeCore (M) has shown outstanding bullish momentum, rising to a new all-time high and displaying a robust technical power in various indicators. CoinMarketCap data shows that the meme coin has shot up by around 21.77% in the past 24 hours, and the daily trading volume has increased by a staggering 85%, signalling increased investor enthusiasm and strong market presence.

The price movement indicates a strong bullish pattern, as MemeCore is trading strongly above both the key exponential moving averages. The 50-day EMA is at $1.0016, and the 200-day EMA is at $1.4685. The fact that the current price is above these critical levels supports the underlying uptrend and indicates institutional and retail confidence. The establishment of elevated highs and elevated lows forms a textbook ascending pattern that a technical analyst considers as a continuation signal of a further upward trend.

There are several technical indicators that point to the bullish thesis. The RSI value of 78.42 shows that the momentum is high, but it is near the overbought zone, which implies that the asset has a high purchasing force. The MACD indicator shows positive momentum, indicating a bullish crossover and further upward trend. The market sentiment is very positive at 0.0044, indicating optimistic trader psychology and less selling pressure.

What Next For MemeCore Price?

The volume profile justifies the authenticity of the price action, and the breakout move is justified by the significant 85% rise in the volume of trading per day. This volume spurt usually goes hand in hand with valid breakouts and minimizes the chances of fake signals or market rigging.

Strategically, the technical arrangement has defined upside targets. The short-term resistance levels to observe are $3.00 and $5.00, which are rational levels of profit-taking according to the existing momentum and market structure. The EMA support levels are strong enough to give a good risk-reward environment to continue with the bullish positioning.

Nevertheless, traders are advised to pay close attention to the level of RSI since the impending overbought condition can lead to short-term consolidation or small pullbacks. Any pullback to the 50-day EMA at $1.0016 would give momentum traders good re-entry opportunities to take advantage of the established uptrend.

On the whole, the technical profile of MemeCore indicates that the bullish trend has not yet been exhausted, and several confluences confirm the increased price targets in the near future.

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