The Memecore price is showing extreme bullishness on the daily technical chart.
M price has surged by 35% in the last 24 hours, showcasing bullish dominance.
MemeCore has shown impressive technical power in the last month, as the memecoin has exited a long-term period of consolidation to hit new highs at $1.6812. The price movement depicts a typical accumulation-to-distribution trend that has resulted in a strong upward movement. Moreover, as per CMC data, the price is up by almost 35% in 24 hours and 236% in the last 7 days, showcasing bullishness.
M price spent the period between early August and late September in a narrow band between $0.40 and $0.60, which formed a strong base on which the breakout was to occur. This prolonged lateral motion enabled the asset to accumulate high levels of support and to remove weak hands in the market. The consolidation phase was not associated with high volatility levels as the price action was compressed and technical signs were
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