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:

1. Chaikin Money Flow (CMF) turns positive: This indicator (currently at 0.01) has just crossed above the zero line, indicating that buying pressure has begun to surpass selling pressure, which is an early signal of bullish momentum confirmation. The improvement in fund flow is expected to support M in maintaining an upward trend in the coming trading days (until momentum fades).
2. EMA 20 acts as dynamic support: The current price ($0.55) is solidly above the 20-day Exponential Moving Average (EMA 20, $0.40). The EMA 20 reflects the short-term trend by weighting recent prices—when the price is above this average, it indicates that short-term bullish momentum is strengthening, and the bulls are in control, which has the potential to drive further rises. Conversely, if it falls below, it signals increased selling pressure and a weakening of short-term support.

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:

• Upward Path: If buying pressure continues to accumulate, the token price is expected to challenge $0.63 (the recent high set on July 13), providing a clear target for short-term traders.
• Downside Risk: If profit-taking activity re-emerges, the current bullish outlook will face invalidation risk. In this scenario, the price of M may retrace some of its gains, falling below the key support at 0.52 USD and attempting to drop back into the previous narrow trading range (0.31-0.47 USD).

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:

1. Breakthrough Validity: It is necessary to confirm whether the price can hold above $0.47 (especially paying attention to $0.52 as a new support reference).
2. Volume Coordination: Continuous capital inflow (CMF indicator remains positive) is the key fuel to maintain the rise.
3. Profit-taking pressure: After a short-term surge, be wary of the pullback risk caused by profit-taking at high levels. Meme coin traders should closely monitor the factors mentioned above, especially the consolidation of prices in the 0.52-0.55 USD range. If they can successfully digest the selling pressure and hold above the breakout results, a challenge to the previous high of 0.63 USD is possible; conversely, if they fall below 0.52 USD, a return to a consolidation pattern may occur. Short-term operations require strict stop-loss settings to control risk.