MemeCore surged more than 17% in 24 hours, rebounding from the support of its 20-day exponential moving average near $1.131. Open interest rose 20% to $8.4 million, while long positions accounted for 54.28% of market exposure. MemeCore’s MVRV Z-Score of 2.778 indicated elevated unrealized profitability, potentially encouraging holders to realize their gains. Increased selling could interrupt the rebound, although sustained demand and the preservation of technical support could extend the upward movement.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
