MemeCore Explodes 3,800% For ATH — But Is A Collapse Around The Corner?

MemeCore’s native token M has raced from near-zero to headline-making highs in a matter of weeks, drawing both excitement and sharp warnings from market ￰0￱ Reading: XRP Poised For Amazon-Like Boom? Analyst Predicts $200 Rally MemeCore’s Meteoric Rise According to reports, M hit a fresh all-time high of $1.69 Friday before easing back to $1.60, while 24-hour volume climbed past $53 ￰1￱ the time of writing, M was up 250% in the weekly timeframe, data from Coingecko ￰2￱ follows July lows near $0.036, a move that translates into roughly a 3,750% gain in about 90 ￰3￱ piled in quickly. A lot of money ￰4￱ Moves Outpaced Fundamentals Price action has been ￰5￱ indicators show parabolic behavior and the RSI has flashed extreme overbought readings, signaling the run may be ￰6￱ on technicals, the token has swept through resistance levels since mid-August and is trading in territory where a fast reversal is ￰7￱ traders say M is being propelled by hype and big marketing plays more than by on-chain usage today.

Event-Driven Hype And Community Stunts Reports have disclosed that MemeCore rented Seoul’s Lotte World for the final night of Korea Blockchain Week, an attention-grabbing move that pushed social interest ￰8￱ project pitches itself as the first Layer-1 built for meme culture and uses a Proof of Meme consensus model alongside community-focused ￰9￱ features have been shouted about in the community, and they help explain why momentum traders have shown up in ￰10￱ Point To Network Story; Bears Point To Liquidity Risk Supporters highlight the promise of a meme-driven economy as reasons for continued ￰11￱ consolidation holds above $1, a push toward $2 is floated by optimistic ￰12￱ risks are ￰13￱ $1 support gives way, liquidation cascades could accelerate downside toward $0.40–$0.50.

Liquidity outside major centralized exchanges looks thin, and event-driven spikes can reverse ￰14￱ Price Forecast And Sentiment Snapshot Meanwhile, based on current projections, MemeCore’s price is predicted to fall by 23% to about $1.19 by October 5, ￰15￱ sentiment is still labeled Bullish by some indicators, while the Fear & Greed Index sits at 48, which is ￰16￱ Reading: American Bitcoin, Backed By Trump, Ends Nasdaq Debut Up 17% Over the past 30 days, M recorded 16/30 green days and roughly 35% price volatility, showing how choppy trading has ￰17￱ figures suggest a market that favors quick movers but leaves slower traders exposed to steep ￰18￱ image from MemeCore, chart from TradingView