MemeCore Hits Record High Amid Overheating Concerns
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BTCCSquare news:
MemeCore's price surge to an all-time high contrasts sharply with bearish market signals. The asset's Relative Strength Index (RSI) of 87.04 indicates extreme overbought conditions—historically a precursor to corrections. Derivatives data reveals persistent negative funding rates (-0.094%), reflecting trader skepticism despite the rally.
Technical analysts note such RSI levels typically trigger profit-taking cascades. The absence of exchange-specific volume spikes suggests this momentum lacks institutional support. Market watchers anticipate volatility as Leveraged long positions face potential liquidation.
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