MemeCore Jumps 34% as Pump.fun Extends Gains, While WLFI Sinks Below $0.20
MemeCore (M) is the top performer in the crypto market this week and continues to rise. At the time of writing on Friday...
Quick overview
- MemeCore (M) is the top performer in the crypto market this week, gaining 34% in price and hitting an all-time high of $1.50.
- Technical indicators for M show strong momentum with an RSI of 83, indicating overbought conditions.
- Pump.fun (PUMP) has also seen gains, up 2% on Friday and introducing a new creator fee model to attract developers.
- World Liberty Financial (WLFI) is experiencing losses, falling below $0.20 and struggling to regain investor confidence despite token burns.
MemeCore (M) is the top performer in the crypto market this week and continues to rise. At the time of writing on Friday M added 1% to its price, 34% from the previous day. 8 days in a row of gains and on Thursday it hit an all time high of $1.50.
Technical indicators show strong momentum. MACD is in bullish alignment and RSI is at 83, overbought and buying demand is intense.
Key resistance is at $1.47, the R2 pivot on the 4 hour chart. A close above this could push M to $1.81. If the rally stalls, downside risk is a retest of $1.13, the support formed last Saturday.
Quick Highlights:
- Current price: $1.47
- Resistance: $1.81
- Support: $1.13
- RSI level: 83 (overbought)
Pump.fun Extends Its Winning Streak
Pump.fun (PUMP) also up 2% on Friday and 5 days in a row of gains. The Solana based launchpad token is getting more attention after introducing a new creator fee model to attract more developers and meme coin projects.
The token is above the R2 pivot of $0.004335. A close above this could take it to $0.004952, the R3 pivot. MACD supports this scenario as both MACD and signal lines are up.
But risks remain. RSI is at 67, below overbought but volatile enough to see pullbacks. A dip below $0.004335 could take PUMP to $0.003849.
WLFI Token Falls Below Binance Price
On the other hand, World Liberty Financial (WLFI) associated with former U.S. President Donald Trump is down. The token fell below $0.20 on Friday, 4 days in a row of losses after hitting $0.47 earlier this week.
WLFI burned 47 million tokens and committed to use 100% of treasury liquidity fees to buybacks but still can’t get investor’s confidence. Market cap is down to $4.5 billion and the token is below Binance listing price.
If selling continues WLFI could break below $0.16 on Thursday and could see more losses in the short term.
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