🚀 MemeCore’s M Explodes 20%—Crypto Bulls Crush Resistance in August Rally

Meme coins aren’t dead—they’re just warming up. MemeCore’s M token ripped past bears with a 20% surge today, leaving traditional finance pundits scrambling to explain why a dog-themed asset outpaces their precious ETFs.

The Pump No One Saw Coming

No major catalyst? No problem. Retail traders piled into M with the subtlety of a meme war, proving once again that crypto markets laugh at 'fundamentals.'

Liquidity Tsunami

On-chain data shows whales accumulating—quietly at first, then with the desperation of a VC chasing the next vaporware unicorn. CEX inflows spiked 300% pre-pump (because insider trading is just 'smart investing' in crypto).

The Aftermath

Short sellers got rekt. TA purists deleted their charts. And Wall Street? Still trying to tokenize real estate on a blockchain nobody uses. MemeCore’s rally isn’t just a win—it’s a middle finger to the old system.

M Double-Digit Surge Puts Bulls Back in the Driver’s Seat

M’s double-digit rally comes after it closed above the narrow trading range that its price traded within between July 15 and August 4. During that period, the altcoin faced resistance at $0.47 while finding firm support at $0.31, creating a tight channel of indecision in the market.

However, a resurgence in new demand has now propelled M above the $0.47 price barrier, signaling a potential shift in sentiment.

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On the daily chart, technical indicators like M’s Chaikin Money FLOW (CMF), which tracks the flow of capital into and out of the asset, confirm that positive bias may be gaining ground. This adds weight to the case for further upside.

As of this writing, the momentum indicator is at 0.01, having just broken above the zero line. This shift signals that buying pressure is beginning to outweigh selling activity, a pattern that is an early confirmation of bullish momentum.

This uptick in money Flow could help M maintain its upward trajectory over the next few trading sessions before exhaustion sets in.

Furthermore, M currently trades above its 20-day Exponential Moving Average (EMA), reflecting the buy-side pressure in the market.  

As of this writing, the key moving average forms dynamic support below the coin’s price at $0.40. For context, M currently trades at $0.55.

The 20-day EMA measures an asset’s average price over the past 20 trading days, giving weight to recent prices. When the price trades below the 20-day EMA, it signals increasing distribution and weakening short-term support.

On the other hand, when an asset’s price trades above this level, it means short-term bullish momentum is climbing, buyers are in control, and they can drive further gains.

M Climbs Out of Consolidation, But Can It Stay There?

M’s recent breakout from its sideways pattern marks a shift from consolidation to a potential bullish trend. If accumulation strengthens, the altcoin’s price could climb to $0.63, a high last observed on July 13.

However, if profit-taking activity resumes, this bullish outlook WOULD be invalidated. In that scenario, the M’s price could shed some of its recent gains, break below $0.52, and attempt to fall back within the narrow range.