The MemeCore (M) arrow shows a strong upward trend on the daily technical chart.#اخبار_اقتصادية #wct #عملات_رقمية $SOL
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The price of M has risen by nearly 28% in the last twenty-four hours, indicating buyer dominance.
MemeCore (M) is experiencing a strong surge, leading to one of the most notable price success stories in the cryptocurrency ecosystem. The daily chart shows a shocking equivalent rise that began in late June, where the price of the coin sharply increased from consolidation levels of around $0.02 to the current trading levels of about $0.4482. Its massive gains have repeatedly caught the market's attention.
Technical analysis highlights a strong bullish condition. The price has broken through the 50-day and 100-day exponential moving averages, closing above the 50-day exponential moving average at $0.27266 and the 100-day exponential moving average at $0.18765, which provided strong support. The rise of the short-term exponential moving average over the long-term moving average indicates that the price is still in a strong upward momentum and remains in an upward trend. Additionally, buying pressure seems reasonable as the market price touched the minimum support level ($0.30615) and experienced buying pressure at this level.
According to CMC data, market-derived data supports this bullish trend, as MemeCore has recorded a massive price increase of 28% in just the last twenty-four hours. This significant commitment to price increase is reflected in the trading volume, which has surged by 185%. Perhaps most surprisingly, the token has achieved a nearly 700% increase over the past month, making it one of the best-performing coins in the meme coin space.
