MemeCore’s native token, M, defied the broader cryptocurrency market’s downturn today, surging by an impressive 14%. Yet, despite this eye-catching rally, futures traders are casting doubt on its longevity, with technical indicators painting a less optimistic picture.
The Rally Meets Resistance
In the often unpredictable world of cryptocurrencies, MemeCore’s sudden price leap stands out, catching many off guard. However, beneath the surface of this bullish facade, the Chaikin Money Flow (CMF) indicator and negative funding rates tell a different story. These metrics suggest that the influx of capital into MemeCore may be losing momentum, raising questions about whether this upswing is just a flash in the pan. This mirrors recent trends in the memecoin sector, as detailed in our article on PEPE’s 4% drop.
“While a 14% gain is nothing to scoff at, traders should be wary,” says Alicia Tan, a cryptocurrency analyst at CoinSpectre. “The CMF is showing signs of capital outflows, which often precedes a downturn. And with futures markets showing a negative funding rate, it seems the bears are betting against a prolonged rally.”
Futures Traders Hedge Their Bets
Futures traders, those market participants who thrive on speculation, appear to be hedging against MemeCore’s price increase. A negative funding rate indicates that those who are shorting the token are dominant, willing to pay a premium to maintain their positions. This usually suggests skepticism about sustained bullish momentum. This sentiment is echoed in the behavior of Dogecoin (DOGE) whales, who are similarly influencing market dynamics.
“Futures trading is a strong barometer of market sentiment,” explains Ryan Lee, a senior trader at BitSlope. “When you see a negative funding rate, it’s a clear sign that traders are expecting a price correction. It’s like a red flag in a sea of green.”
Despite this, the allure of MemeCore has not dimmed for everyone. Some enthusiasts point to the token’s recent partnerships and upcoming platform upgrades as potential catalysts for further gains. However, the question remains: can these developments counterbalance the bearish signals?
A Brief Look Back and Forward
A glance at MemeCore’s history shows a pattern of volatile price movements, often driven by speculation and social media hype rather than solid fundamentals. This latest surge follows a similar script, with chatter on crypto forums and Twitter fueling interest. Yet, as seasoned investors know, hype alone rarely sustains price increases in the long run.
Looking ahead, the coming months will be crucial for MemeCore. Its developers have announced a series of upgrades slated for release by December 2025, which they claim will enhance the platform’s scalability and security. These could, theoretically, offer the support needed to maintain upward momentum.
However, the crypto landscape is notoriously fickle. With the broader market still in a slump, MemeCore’s trajectory remains uncertain. Analysts will be watching closely to see if real, tangible developments can justify its current valuation—or if the token will become another casualty of speculative trading.
In the world of cryptocurrencies, where fortunes can be made or lost in the blink of an eye, MemeCore’s story is far from over. Whether it will emerge as a long-term player or fall back into obscurity is a question that only time—and the market—will answer.
Source
This article is based on: Futures Traders Bet Against MemeCore Rally Despite 14% Price Surge
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
