Memecore (M) has become a topic of discussion in the crypto community due to its high volatility and significant price changes that have occurred over recent weeks.
Memecore Price Dynamics
Currently, Memecore is trading at $0.4566 with a 20% increase. Throughout the day, the price fluctuated between a high of $0.4654 and a low of $0.4523. The daily trading volume stands at approximately $36.75 million.
Chart Patterns Formation
The Memecore chart over the past weeks exhibits consistent waves. On the 4-hour chart, it was noted that the price successfully broke the resistance level of the pattern around $0.39 and turned it into support. However, the $0.484 mark has yet to be breached.
Future of Memecore: Support and Resistance
If bullish sentiment is maintained, a retest of the resistance zone at $0.5814 is expected. Currently, the important support level is at $0.3951, while the lower boundary is at $0.3083.
Thus, Memecore continues to be under traders' attention due to its volatility and price changes, creating both risks and opportunities for investment.
