MemeCore price jumps — what’s behind today’s move

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MemeCore Surges 16.25% Today

Highlights

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Anton Kharitonov, expert at Traders Union, highlights that MemeCore remains under pronounced seller pressure despite its recent show of intraday strength. He notes that both the daily MACD and ADX are firmly bearish, while supporting oscillator readings reinforce the downside risk. Kharitonov is cautious due to the low probability of price gains in the next five days, with resistance looming at $1.8181 and weak support at the MA-20. Absence of news drivers further diminishes reversal potential and increases vulnerability to breakdowns. "Given the current setup and lack of positive institutional or sentiment catalysts, any rallies should be treated as exit opportunities rather than bullish signals."

Viktoras Karapetjanc, expert at Traders Union, sees the short-term price stabilization above $1.5443 as an encouraging sign for MemeCore. He emphasizes that even without news catalysts or fresh flows, technical structure shows the market fighting back against sellers, with volatility creating opportunities. Karapetjanc expects that consolidation within the current corridor could build the base for a stronger move once resistance is challenged. He stays confident in the potential for recovery if buyers step in near MA-20 support. "Despite medium-term pressure, the bullish structure remains intact and forward setups are emerging for traders anticipating upside momentum."

Resistance holds and bearish signals deepen as volatility surges

According to the daily Ichimoku, the closest dynamic resistance for M is around $1.8181, while the MA-20 offers the first support level. Momentum indicators present a mixed picture: the daily MACD is notably bearish and the ADX confirms sellers are currently leading the daily trend, but intraday levels are more bullish. Selling pressure is also signaled by both the RSI and CCI, while the Stoch RSI suggests pullback risk due to being deep in overbought territory. The BBP points to a seller advantage despite a sharp daily gain, and the Awesome Oscillator trend is neutral. Today’s gap up at the open, with price action moving near the intraday high, reflects elevated volatility and strong post-open buying pressure, though this diverges from daily momentum and oscillator signals.

Previously it was reported that Polygon remained under short- and medium-term moving averages, with bearish momentum prevailing as technicals such as MACD and ADX indicated continued selling pressure while RSI signaled limited recovery potential. While the probability of an upside breakout remains low, the asset is expected to oscillate within a range over the coming sessions, unless it can decisively break above resistance to confirm a bullish shift.

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

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