MemeCore surged 35%, breaking through the $1.70 threshold to reach a two-month high of $1.77. The token’s market capitalization reached $3.9 billion. This rally is driven by significant derivatives pressure, with Open Interest up 44% to $25.7 million and derivatives volume up 91% to $39 million. However, intense profit-taking, both on Futures and spot, threatens the sustainability of this uptrend. The RSI indicator reached 78, approaching overbought territory, suggesting a risk of pullback if sellers persist.
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