MemeCore Surges by 22% Over a Day: Will the Upward Trend Continue?
MemeCore, a project recognized by the Binance Alpha program, has experienced a significant surge in the last 24 hours, rising more than 20% and reaching an all-time high price of 1.17 USD on the stock market today. This has resulted in a market capitalization of 1.18 billion USD, with a daily trading volume of 50 million USD.
According to CoinGlass data, key liquidity levels for MemeCore are currently above $2.97 and below $2.88 on the stock market. Approximately $1.30 million worth of M orders are positioned between $2.97 and $3.00, which could potentially influence market moves.
The Relative Strength Index (RSI) is above the 80 mark, indicating easing oversold conditions, but has been flat since the breakout on the stock market today. This suggests that the market may be due for a correction. The Money Flow Index (MFI) is trending up, however, suggesting that capital is flowing into the asset on the stock market today.
The 50x long leverage orders are concentrated between $2.85 and $2.90 on the stock market today, while fewer shorts with 25x and 50x leverages exist, and they are up to the $3.00 level. Cumulative long liquidation leverage is $2.79M, while that of shorts is at $1.87M, indicating more traders are betting on a continued uptrend on the stock market today.
After the breakout on the stock market today, the Bollinger Bands (BB) opened up, with the outer bands reaching $3.16, indicating the price could potentially hit that level on the stock market today. Orders below $2.88 also exist, including shorts and longs waiting to be activated on the stock market today. The mid-support for MemeCore is at $2.71.
Transactions per second (TPS) is low with a value of 0.01, indicating a general slow activity on the network. The daily volume of MemeCore tokens is at 1.16 million, and daily active addresses are 423. In the last 24 hours, large transactions of more than 100K M coins spiked, contributing to the surge on the stock market today.
It's worth noting that MemeCore's monthly gains have exceeded 631%, while the 90-day change reported a 1680% rise since launch on the stock market today. However, it's important to remember that the cryptocurrency market can be volatile, and investors should always do their own research and consider their risk tolerance before making investment decisions on the stock market today.
In a separate development, Vitalik Buterin, co-founder of Ethereum, has shut down criticism regarding the ETH unstaking queue, but this fact is not directly related to MemeCore on the stock market today.
As MemeCore continues to attract attention, it will be interesting to see if it can maintain its current momentum and surpass $3, as bulls are targeting on the stock market today. Keep an eye on these key levels, orders, and indicators for potential market moves on the stock market today.
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