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MemeCore hits record high
MemeCore edges higher by 1% at press time on Friday, building on the 34% jump from the previous day. The uptrend in the meme coin has expanded for eight days, after reaching a record high of $1.50 on Thursday.
The bullish run faces opposition at the $1.47 level, aligning with the R3 pivot level on the 4-hour chart. A decisive close above this level could stretch the uptrend to $1.75, aligning with the R4 pivot level.
The momentum indicators on the same chart indicate a bullish bias as the Moving Average Convergence Divergence (MACD) and its signal line extend the uptrend. Additionally, the Relative Strength Index (RSI) at 83 hovers into the overbought zone, indicating heightened buying pressure.
Looking down, MemeCore could retest the $1.13 support level, marked by the Saturday high, if the uptrend reverses on the downside.
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