-7.24% for MemeCore — bears dominate as momentum indicators flag oversold levels

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MemeCore slides 7.24% today

Highlights

MemeMax extended its MaxPack Airdrop Campaign following a 400% surge in MemeCore network transactions and sustained high user participation.
Users earn 1 MaxPack for every 10 transactions on MemeCore, significantly boosting on-chain activity ahead of the exchange launch in January.
MemeCore is now available for direct purchase via credit cards and fiat methods on Bitget, easing market entry for new users.

Airdrop extension and fiat access drive spike in network activity

MemeMax, the first perpetual decentralized exchange within the MemeCore ecosystem, extended its MaxPack Airdrop Campaign after network transactions surged 400% and user participation remained high. This campaign, set to conclude with a launch in January, allowed users to earn 1 MaxPack for every 10 transactions on the MemeCore network, driving a notable increase in on-chain activity. Additionally, MemeCore can now be purchased directly via credit cards and fiat methods on Bitget, simplifying secure access for new users.

Oversold momentum with persistent intraday volatility pressures

Momentum indicators maintain a bearish tilt: both MACD and ADX signal selling pressure, while RSI at 26.85 and CCI at –75.07 underscore oversold conditions. Stochastic RSI is neutral on the daily, though lower timeframes flash oversold, indicating possible near-term exhaustion of sellers. BBP remains negative, confirming sustained seller dominance inside the session. There was no gap at the open, but MemeCore slid 7.24% intraday, now trading toward the lower end of today's $1.253 – $1.3002 range. This session features high volatility with persistent pressure from sellers following the open, aligning intraday performance with the overall weak momentum picture. While the Awesome Oscillator itself is neutral on D1, supporting indicators reinforce the dominant downside trend.

Weak upside odds as volatility band favors further declines

For the coming week, the adjusted expected trading range is $1.13 to $1.38, setting a volatility band relative to current levels. The probability of a price increase is very low (less than 20%), with further declines more likely as sellers remain active. Bounces above $1.38 would require firm buying to open up resistance near $1.50, while a clear break below $1.13 could drive the price toward the psychological $1.10 zone if downward momentum intensifies.

Anton Kharitonov, analyst at Traders Union, sees MemeCore locked in a persistent bearish trend. He notes sellers remain firmly in control, with price and momentum signals aligning to the downside. Despite the ongoing campaign and new fiat access possibly helping sentiment, technicals show no sign of reversal yet. "Until price reclaims at least the $1.38–$1.50 zone, there is no reason to expect a sustained upside — remaining defensive is the prudent approach."

Previously it was reported that MemeCore was trading below short- and medium-term moving averages, with momentum indicators like MACD and RSI confirming a dominant bearish trend as sellers retained control. Resistance near the Ichimoku Kijun limited any upside, while the probability of a price increase was assessed as very low amid increased downside risk.

Source of Data: M Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.