Key Takeaways (Or: What the Heck Just Happened? 🤯)
What’s driving MemeCore’s surge? (Hint: It’s Not Just the Memes)
MemeCore, the crypto equivalent of a cat video with a PhD, just jumped 20% after breaking out of its consolidation phase. Apparently, large transactions spiked, which is basically the financial version of “everyone suddenly decided to buy the dip.” 🍟💸
Will the momentum hold? (Spoiler: Probably Not, But Who Knows? 🤷♂️)
Mixed signals in on-chain activity suggest a potential slowdown. Translation: the party might be over before the DJ even drops the beat. 🎉⏳
MemeCore [M] is one of those projects that somehow convinced Binance Alpha to give it a nod. It’s like the class clown who unexpectedly aced the SATs. 🎓🤡
In the past week, this altcoin has been on a bender, up 49%. In the last 24 hours alone, it surged over 20%, according to CoinMarketCap. Monthly gains? A cool 631%. 90-day change? A mind-boggling 1680%. If this were a marathon, MemeCore would be lapping everyone while doing a backflip. 🏃♂️🔥
MemeCore Breaks the Wall (And Possibly the Laws of Physics)
On the charts, MemeCore consolidated for five days before breaking out like a teenager escaping their curfew. The price is now hovering just below $3, which is basically the crypto equivalent of “almost there, but not quite.” The accumulation range was between $2.40 and $2.60, with Bollinger Bands squeezing tighter than a pair of skinny jeans after Thanksgiving. 🦃👖
After the breakout, the BB opened up like a yawn on a Monday morning, with outer bands reaching $3.16. Bulls are targeting M to surpass $3, because why stop now? Mid-support is at $2.71, which is basically the safety net for this high-wire act. 🕸️🐂
The RSI is above 80 but flat since the breakout, indicating oversold conditions are easing up. Or, as I like to call it, “the universe is taking a breather.” 🌌😌
Meanwhile, the Money Flow Index (MFI) is trending up, suggesting capital is flowing into the asset like it’s a Black Friday sale. 🛍️💰
However, M could decline after this charge, because let’s face it, nothing gold can stay. Profit-taking might kick in, and the price could revisit $2.71 or $2.60. It’s like the crypto version of “what goes up must come down,” but with more memes. 📉🤡
Key Liquidity Levels to Watch (Or: Where the Magic Happens)
The liquidation heatmap for MemeCore shows key liquidity levels above $2.97 and below $2.88, according to CoinGlass. It’s like a treasure map, but instead of X marking the spot, it’s $2.97. 🏴☠️💰
About $1.30 million worth of M orders are positioned between $2.97 and $3. These orders are a mix of breakout buyers and shorts betting against the price surpassing $3. It’s like a financial game of chicken. 🐔💼
Meanwhile, another set of orders is set below $2.88, including shorts and longs waiting to be activated. These orders could influence market moves, because nothing says “exciting” like a short squeeze or a price collapse. 🎢💥
From the map, cumulative long liquidation leverage is $2.79M, while shorts are at $1.87M. The disparity indicates more traders are betting on a continued uptrend. It’s like everyone’s on the same rollercoaster, but some are screaming with excitement and others are screaming in terror. 🎢😱
The 50x long leverage orders are concentrated between $2.85 and $2.90. Shorts with 25x and 50x leverages are up to the $3 level, which is basically the crypto version of “hold my beer.” 🍺💥
Large Transactions Spike (Or: The Whales Are Awake)
Large transactions of more than 100K M coins spiked in the last 24 hours, according to the MemeCore Mainnet Explorer. There were 946 transactions, with a daily volume of 1.16 million M tokens. It’s like the whales decided to throw a party, and everyone’s invited. 🐳🎉
Daily active addresses were 423, and transactions per second (TPS) was a measly 0.01, indicating the network is taking a nap. Or maybe it’s just meditating. 🧘♂️💤
In summary, MemeCore could be here to stay, obliterating bets against its trend like a boss. But caution is advised, because this trend could collapse faster than a house of cards in a wind tunnel. So, buckle up, grab your memes, and enjoy the ride. 🚀🤪
Read More
- Gold Rate Forecast
- Will Solana’s Short-Term Holders Save the Day or Just Make a Fuss?
- Cardano’s Dilemma: A Tale of Bulls and Bears 🐂🐻
- Tron’s Fee Cut: Because Who Needs Money Anyway? 🤷♀️
- Solana’s Plunge: Profit Takers Feast, HODLers Weep 😢💸
- Alien: Earth Soundtrack Adds 2 Songs in Episode 6
- 🌟Pi Network’s Epic Upgrade: A Tale of KYC and Community 🌟
- Never
- Will Bitcoin Pull a Disappearing Act Below $100K? Grab Your Popcorn! 🍿
- When Kraken Met Breakout: A Crypto Merger with a Twist 🦑💰
2025-09-18 15:30