What’s driving MemeCore lower today?

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MemeCore Slides 10.12% Today

Highlights

Bitget released a practical guide detailing how to purchase MemeCore with a credit card by depositing fiat and converting funds within its platform.
Supported payment gateways for MemeCore purchases on Bitget include Advcash, SEPA, Faster Payments, and PIX, enhancing flexibility for fiat deposits.
The guide clarifies there is no official affiliation or endorsement between MemeCore and other financial products, addressing potential investor confusion.

User access expands as Bitget launches fiat-to-MemeCore guide

A practical guide outlining how to purchase MemeCore using a credit card on Bitget has been released, featuring step-by-step instructions for depositing fiat currencies and converting funds to MemeCore. The guide specifies the supported payment gateways, including Advcash, SEPA, Faster Payments, and PIX, within the Bitget exchange ecosystem. It clarifies that there is no official affiliation or endorsement with other financial products outside the MemeCore token.

Anton Kharitonov, expert at Traders Union, sees significant downside risks for MemeCore. He notes that the token faces sustained selling pressure and a sharp 10.12% decline, signaling weakness below the MA-50 at $1.9533. The lack of long-term support and bearish MACD momentum raise concerns about a reversal. Kharitonov is skeptical that the newly released Bitget purchase guide will shift investor sentiment or attract real inflows. "Traders should be wary of trying to catch falling knives here — the risk of further losses remains elevated."

Viktoras Karapetjanc, expert at Traders Union, views the launch of the Bitget guide as a strategic move expanding MemeCore’s accessibility. He believes integrated payment options and clear onboarding will boost adoption, supporting the market’s long-term upside. Karapetjanc emphasizes that, despite current technical headwinds, the broader bullish structure remains intact if resistance at $1.6900 is reclaimed. "Retail access improvements and ecosystem upgrades often precede renewed trends — further growth may materialize if momentum shifts this week."

Jainam Mehta, market strategist, notes both volatility and mixed momentum signals for MemeCore. He points to overbought oscillators and a moderate ADX, suggesting tactical range-bound trades between $1.3490 and $1.4999. If bearish sentiment persists but fails to breach $1.3490, a reversal setup could emerge. "Contrarian buyers should watch for divergence near support — a potential breakout may surprise the market."

Mixed momentum signals as dynamic resistance limits upside

On the daily timeframe, the closest dynamic resistance is the Ichimoku Kijun level at $1.6939, and there are no visible long-term moving average supports. Momentum indicators give mixed signals: the MACD favors strong selling, but the ADX still shows moderate bullish strength. Several oscillators, such as Stoch RSI and CCI, indicate overbought conditions, while the RSI remains in a neutral-buy zone. Despite today's sharp decline, Bull/Bear Power suggests buyers were active intraday, though sustained selling pressure dominated from the opening bell.

Previously it was reported that MemeCore maintained a positive short-term trend, with the price above the 20-period moving average but facing resistance from the 50-period moving average, reflecting mixed momentum. Technical indicators gave conflicting signals — the RSI held just above neutral, ADX suggested moderate buying while the MACD indicated strong selling, and dynamic levels such as Ichimoku Kijun resistance may limit upside as consolidation inside a typical range remains likely, according to recent price action highlights ongoing uncertainty.

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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