MemeCore falls nearly 10% as selling pressure returns after recent surge

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Memecore slides 9.61% today on volatility

Highlights

MemeCore saw significant price swings on October 24, with 22.9% of its 10 billion token supply in circulation.
Open interest increased 11% to $34 million, but daily trading volume slipped 4% to $3.79 million under selling pressure.
MemeCore trades in a volatile range of $0.7437 to $1.1155, with technical signals mixed and a baseline expectation for consolidation near current levels.

Elevated open interest offsets lighter volume amid ongoing sell pressure

MemeCore recorded significant price action on October 24, 2026, with the token's market capitalization set by approximately 22.9% of its 10 billion supply in circulation. Trading activity included an 11% increase in open interest to $34 million and a 4% decrease in trading volumes to $3.79 million, even as overall weekly volume was reported higher. The token’s allocation is documented as 58% for the community, 15% for the foundation, 13% for core contributors, 12% for investors, and 2% for the Meme Treasury, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, views MemeCore’s latest selloff as a warning sign for holders. He highlights that heavy selling and sliding volumes point to persistent uncertainty, despite high open interest. Kharitonov sees little support from fundamentals, noting the wide supply float and substantial allocation to non-community entities. Technicals are mixed, but long-term momentum is clearly bearish. "Any attempt to play the bounce faces sharp invalidation risk below $0.9124 — sellers remain firmly in control for now."

Viktoras Karapetjanc, expert at Traders Union, sees continued opportunity in MemeCore’s robust market structure. He notes the high community allocation and rising open interest as signs of lasting demand. Macro signals favor further long-term adoption, keeping the bullish structure intact despite volatility. Karapetjanc expects constructive trading above the 20-day average, with potential for renewed upside. "Further growth is likely if price reclaims $0.9474 — this market still offers multiple setups for proactive investors."

Jainam Mehta, market strategist, remains neutral as MemeCore’s indicators send mixed signals. He notes that short-term momentum favors bulls above the 20-day average, yet long-term pressure persists. The gap between sentiment and technicals may set up contrarian trades if the price holds $0.9124. "Watch for a rapid shift — a breakout or breakdown from this narrow band could trigger tactical entries on either side."

Short-term bids clash with medium-term resistance as signals turn mixed

M/USD is currently trading above its 20-day moving average at $0.8886, but remains below the 50-day at $1.0671 and the 200-day at $1.93. This structure suggests short-term recovery, medium-term pressure from sellers, and a bearish long-term alignment, with immediate support at $0.9124 (Ichimoku Kijun) and resistance at $0.9474 (today’s high). Momentum signals are mixed: Average Directional Index (ADX) and Commodity Channel Index (CCI) each show buy signals, while the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) lean bearish. Bull/Bear Power (BBP) is positive at 0.2989, indicating buyers are dominating intraday momentum. However, the Stochastic RSI is deeply overbought and the RSI is neutral with a sell outlook. The pair trades at $0.9296 after a downside gap of roughly 11.05%, with today’s range near the highs and intraday volatility standing at 6.35%. The overall tone is marked by volatility and some strength after the open, but technical signals remain conflicted.

Earlier, analysts noted that MemeCore was experiencing persistent selling pressure and bearish technical signals following a downside break below key moving averages. The current market dynamics underscore continued volatility, and traders should watch for a decisive move above $0.9474 or below $0.9124 to determine the next directional 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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