MemeCore price has been on the move again. At writing, the token is up around 17% and trades just above $1.01. It is the top gainer in the market today, but interestingly, trading volume is actually down 16% in the same period, raising questions about what’s really driving this pump.
The biggest catalyst right now is the ongoing MemeX Liquidity Festival. Launched on August 4, the event offers rewards for trading and liquidity provision. A similar campaign back in July triggered a 598% price surge, and traders appear to be front-running the same playbook.
Data shows $10.6M in derivatives inflows in just 48 hours, signaling heavy speculative positioning. Still, history suggests post-event selloffs often follow once incentives wind down.
On the fundamentals side, MemeCore is working on regulatory expansion. The project is finalizing the acquisition of a KOSDAQ-listed company to secure VASP registration in South Korea.
If successful, this could unlock KRW trading pairs and bring institutional exposure in a $74B crypto market. However, no foreign blockchain has yet managed to secure VASP status, making execution a big question mark.
Finally, technical momentum is also in play. The MemeCore price broke through the 0.236 Fibonacci resistance at $0.96, a level it struggled with previously. MACD has flipped positive while RSI has shot to nearly 80, flagging overbought conditions. That combination usually means volatility ahead.
What the MemeCore Chart Is Showing
Looking at the 4H chart, MemeCore price has cleared resistance and now sits firmly in breakout territory. The last consolidation around the $0.40–$0.60 zone created a strong base, and the push above $0.96 unlocked room for higher levels.
Indicators support this momentum. MACD lines are trending upwards with widening separation, which shows growing bullish strength. RSI at 75+ confirms heavy buying pressure, but also warns that the market may be overheated.
The chart also highlights an expansion target around $1.20–$1.25 if bulls can hold momentum. On the downside, $0.96 now acts as the critical support zone. A close below this level could quickly drag MemeCore back toward its 50-day EMA at $0.76.
Read Also: Kaspa (KAS) Price Prediction For Today, September 3
What’s Next for MemeCore Price?
For now, MemeCore’s surge looks like a mix of event-driven speculation, regulatory optimism, and technical momentum.
As long as traders keep piling into the MemeX Festival, upside remains on the table. But sustaining above $1.00 requires fresh inflows, especially since trading volume has already started to cool off.
The key levels to watch are simple: $0.96 as support, $1.20 as the next bullish target. If MemeCore price can hold its ground and deliver progress on the Korea expansion, the rally could extend deeper into September.
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