MemeCore Soars Above $1.12 as Trendline Break Looms
The MemeCore cryptocurrency, denoted by the ticker $M, has shown a significant increase in price over the past day. According to CoinMarketCap data as of September 5, 2026, at 11:27 AM IST, the price of $M is currently holding near $1.1275.
This growth has been accompanied by a rise in futures trading volume, with BingX leading the way with $2.30M in trades. Binance and WhiteBIT follow closely, with KuCoin and LBank also contributing significant volumes.
The chart analysis suggests that M is currently holding just above the EMA 20 line at $1.1072, but still below the EMA 50 line at $1.2280. The price action has been compressing against a descending trendline near $1.2488, which could be a key zone to watch for potential resistance.
According to CoinGabbar analysts, until the trendline breaks with volume, this remains a waiting game rather than a confirmed move. Traders should keep an eye on the $1.0242 support level as it could be crucial in determining the future direction of the price.