MEMECORE Price Rebounds in Tokyo, But Can Bulls Sustain Momentum?

MEMECORE's price is showing signs of life after its community event in Tokyo. The token suffered one of the steepest collapses among major altcoins this year, plummeting nearly 89% from its all-time high of $4.83 to $0.51.

The selloff erased months of gains and forced sentiment to one of its weakest levels. July initially looked better, with a sharp rebound to $1.85 and a 233% recovery from the June bottom before losing momentum once again.

MEMECORE's price has slipped toward $1.12, remaining below its 20-day EMA, which many traders continue watching as short-term trend resistance.