This Memecoin Explodes 190% in Just 7 Days: Smashes All-Time High
Another memecoin defies gravity—and traditional valuation models—with a blistering seven-day rally.
The Metrics Behind the Madness
Surges don't get much steeper than this. In under a week, the asset ripped past previous resistance levels, notching a clean 190% gain and printing a fresh all-time high. Retail traders piled in, while algorithmic funds likely amplified the move.
Why This Rally Stands Out
It’s not just the sheer velocity. This run showcases the raw speculative power still flowing through crypto markets—where narratives often trump fundamentals. No major exchange listings or protocol upgrades were cited; just pure, unfiltered momentum.
A Reality Check for the Bulls
Sure, rallies feel good—until they don’t. Memecoins famously pump on social sentiment and dump on profit-taking. This one’s no exception. Traders chasing here aren't investing; they're gambling against the clock.
Classic crypto: where a dog-themed coin can outperform your financial advisor’s top equity pick.
Source: CoinGecko
Will MemeCore Continue Surging Beyond Its All-Time High?
According to TradinView data, MemeCore’s (M) Relative Strength Index (RSI) is nearing the 90 mark. The figure suggests that the memecoin is in the oversold area. This could mean that MemeCore will face a correction very soon. Investors may begin to book profits and pivot their funds to more stable assets.
Furthermore, the crypto market seems to be entering a consolidation phase. Bitcoin (BTC) is struggling to break past the $110,000 price level. Such a scenario could raise questions about MemeCore’s (M) performance. The asset may face market pressure and experience a big price correction.
Memecoins are very often subject to speculation and online buzz. MemeCore (M) may face a similar fate. The asset may fall prey to early investors cashing out, while investors who bought at the top may suffer.
CoinCodex analysts also anticipate MemeCore’s (M) price to dip over the coming days. The platform predicts M to trade at $0.921269 on Sept. 14. Falling to $0.921269 from current price levels will entail a correction of about 23.86%.
However, there is a high possibility of an interest rate cut this month. If the Federal Reserve begins cutting interest rates, the crypto market may benefit greatly. Such a scenario could provide some cushioning against any volatility to MemeCore’s price.
