MemeCore (M) has clearly been strong in recent hours. According to external sources, the currency had increased by more than 20 per cent in short-term terms, and the price had risen to US$ 1.51. At the same time, there was little increase in the turnover, but prices had broken through the lower-collation zone, which had lasted for some time before, and the market focus turned to a further breakthrough of the US$ 1.83 line.

1.09 Short-line support near US$

According to the article, MemeCore was fast behind at the end of June, creating a stronger buyout area near US$ 1.09. Since then, sales pressure has been taken over in this area on several occasions, making the position an important support for the current line.

In terms of the dynamic structure, prices were previously in the process of trigonometric decline, in the form of high points moving down, while the bottom support was relatively stable. Prices have now broken the downward trend line, which means that short-term emotions have recovered.

US$ 1.83 becomes the next resistance.

According to external sources, the current top priority is US$ 1.83. If prices continue to rise and effectively break this level, the follow-up resistance may be relatively thin, or the market may shift to a target of $2.80 or even $3.20.

  • Short-line support: $1.09
  • Direct resistance: $1.83
  • Higher resistance: $2.80

The indicators are strong but short-line or back-stepped.

The article also mentioned that there had been an increase in purchases during the breakout, which had provided some support for the current round. At the same time, the relatively strong and weak indicator, RSI, has entered a high area, showing that short-line kinetic energy is more powerful, but it also means that some of the funds may end up being profitable.

In addition, the MACD has been seen to rise and cross, and the column chart is right, reflecting improvements in action from the previous period. According to the article, the short-line structure remains strong as long as the post-break zone can hold; if the current breakthrough is not sustained, the price may return to the area of the breakthrough and find a way forward.