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MemeCore (M) price prediction: single-day big pump of 20%! After breaking through key resistance, can the rise continue?
The native Token M of MemeCore, the first Layer-1 Blockchain designed specifically for Meme coins, is leading the Crypto Assets market today with a rise of over 20%. Its price has successfully broken through the narrow fluctuation range of $0.31 - $0.47 that lasted for nearly three weeks (from July 15 to August 4), currently reported at $0.55. The technical indicators show that the Chaikin Money Flow (CMF) has turned positive and broken above the zero axis, and the price is holding above the 20-day Exponential Moving Average (EMA 20, $0.40), releasing short-term bullish signals. If buying pressure continues, M is expected to test the July 13 high of $0.63. This article will analyze the momentum of M Token's breakout, key indicator changes, and potential upward targets and risks.
Breakthrough narrow fluctuations, bulls regain control The M Token has finally welcomed a directional breakthrough after experiencing a range-bound oscillation lasting 21 days (from July 15 to August 4). During this period, the price received strong support multiple times at $0.31, but was consistently constrained by the resistance level at $0.47, forming a typical market hesitation period. This strong breakthrough of the key resistance at $0.47 marks a potential shift in market sentiment, the bulls have regained dominance.
Technical indicators validate bullish momentum, capital inflow becomes key support The daily level technical indicators provide strong evidence for this breakthrough:
Upside Targets and Risks: Focus on the previous high of $0.63 and profit-taking pressure M has successfully broken free from the sideways pattern, indicating that it may transition from the consolidation phase to a potential bullish trend:
Conclusion: The effectiveness of the breakthrough is yet to be verified, pay attention to the volume and holding situation MemeCore Token M has shown strong upward momentum by breaking through key resistance levels and positive short-term technical signals. However, the sustainability of its rise still needs to be observed: