Why Is MemeCore Up 20% Today?
BeInCrypto
MemeCore prices rose 20% due to a market-wide recovery in meme coins following a significant recent selloff.Summary
MemeCore (M) rebounded over 20% on May 5, recovering from a 49% drop over the previous ten days. This rally is primarily attributed to a broader rotation of interest back into high-volatility meme coins rather than a project-specific catalyst. While technical indicators like the RSI and MACD show short-term momentum, the lack of significant smart money accumulation and fading trade volume suggest this move is currently a retail-led recovery rather than a confirmed breakout. Investors are watching the $3.78 resistance level to see if the momentum can be sustained.
(Source：BeInCrypto)