There has been an impressive rebound in the M price after one of the biggest sell-offs, yet the overall trend is quite questionable. MemeCore surged along with other crypto coins on the back
There has been an impressive rebound in the M price after one of the biggest sell-offs, yet the overall trend is quite questionable. MemeCore surged along with other crypto coins on the back of improved sentiment regarding US monetary policy which pushed up risky assets, allowing the coin to deliver one of the best one-day gains in major-cap crypto tokens.
However, the rally has been impressive enough, yet the M price is still very far from its late-2025 highs. Now, the question is whether it is the beginning of a recovery trend or just a relief rally within a bigger bearish trend.
We had a look at the daily MemeCore chart, and the recovery needs some context. The M price rose to as high as $6.00 towards the end of the year 2025 but started a steep downward trend, which saw prices fall as low as $1.1291.
Source: TradingViewAfter the recent price bounce, MemeCore trades at about $1.7559, representing a 70.7% reduction from last year’s peak. This day’s candle was eye-catching. It opened near $1.2855, fell as low as $1.1291, rallied up to $1.8255, and closed near $1.76. There was a 36.67% daily price increase on volumes of over 100.8 million M tokens.
Despite the strong price increase on the day, the technical picture has not changed much yet. The 100-day simple moving average is at $2.9271, 40% above the current price. This moving average keeps decreasing through the year 2026, reflecting the dominance of the sellers’ force.
The nearest resistance is found around $2.00. If this level fails, then the next resistance level is $2.50 before coming to the 100-day SMA. Support can be found at $1.1291. A breakdown below this level will see the psychological level of $1.00 tested soon.
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The recovery was not isolated either. The digital currency returned to trading above the $60,000 level following comments by Fed Governor Kevin Warsh that alleviated fears over additional monetary tightening. This positive development boosted riskier digital currencies as well.
MemeCore became one of the biggest beneficiaries. The token gained roughly 81% over 24 hours during the broader rebound, outperforming many other large-cap cryptocurrencies. That does not necessarily point to a project-specific catalyst. Most of the move appears tied to improving market sentiment and renewed appetite for speculative assets.
Beyond price action, MemeCore is still working on expanding its ecosystem. The project is pursuing a Virtual Asset Service Provider license in South Korea through the acquisition of a KOSDAQ-listed company. Approval would open access to KRW trading pairs in one of the world’s largest retail crypto markets, although regulators have not yet approved any foreign blockchain for that license.
MemeCore is also investing in its ecosystem through MemeX and the MemeMax perpetual decentralized exchange. Around $300 million worth of M tokens has been allocated to support growth incentives across those platforms.
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The latest bounce has improved short-term sentiment, but the bigger trend still needs more work. The M price remains well below the falling 100-day moving average, and buyers need to recover resistance near $2.00, then $2.50, before attention turns toward the SMA near $2.93.
Holding above $1.1291 keeps the recovery alive. Losing that level would shift attention back toward the $1.00 support area. There is still plenty happening beyond the charts. MemeCore is working toward a South Korean VASP license and continues expanding its MemeX and MemeMax ecosystem.
The recent rally has improved short-term sentiment, but buyers still need to reclaim several resistance levels before the broader technical trend changes. Continued market strength and project developments will likely influence the next move.
What is the MemeCore South Korea VASP planMemeCore is pursuing a Virtual Asset Service Provider (VASP) license in South Korea through the acquisition of a KOSDAQ-listed company. If approved, the project could gain access to KRW trading pairs in one of the world’s largest retail crypto markets.
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The post The MemeCore (M) Price Pump Looks Convincing… Until You Look at the Bigger Picture appeared first on CaptainAltcoin.
