Key Takeaways:
- MemeCore jumped 20% to $1.46, breaking a two-week consolidation range
- Buyers defended the $1.20 support level before the breakout
- The rally may trigger additional FOMO buying and short squeezes
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MemeCore surges 20% to $1.46 as buyers defend key support
MemeCore rose 20% to an intraday high of $1.46 on July 14, breaking out of a two-week consolidation range after buyers defended support near $1.20.
"MemeCore had been trading in a tight range between $1.20 and $1.30 since early July, and the successful defense of that support created the setup for today's move," crypto.news data showed.
The token opened near $1.21 on July 14 before climbing to an intraday high of $1.46, representing a gain of more than 20%. The breakout follows a period of weakness — MemeCore fell 7.8% to $1.22 on July 10, testing the lower end of its consolidation range before buyers stepped in. Bitcoin traded near $63,500 at the same time, up 1.3% over 24 hours, as the broader crypto market showed mixed momentum.
The move could draw attention to the broader meme coin sector, where traders often chase momentum after a confirmed breakout above resistance. The next key level to watch is $1.50, with a close above that potentially opening the path toward $1.70. A failure to hold above $1.40 would put the $1.20 support back in play.
This article is for informational purposes only and does not constitute investment advice.
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