Key Takeaways
Gee, look at MemeCore – it hit a new all-time high just when the world could use some good news. And as if the universe decided it needed more drama, the official app was unceremoniously booted off Google Play. But who needs apps anyway? Not these investors – they kept pushing the price up like it was Black Friday heroin. š
Well, would you look at that? MemeCore snuck past $2.48 as if Iām some old guy whispering something unusual at a showing of MoMA which nobody listens to, except they do. At press time, it dipped back down to $2.21 – you know, like my sanity during a debate with Jeff. š And yet, it’s still as bullish as a horse just before it bucks you. Momentum, baby!
And as if to give everyone a reminder of life’s futility, not everyone’s as optimistic – some market segments still canāt help themselves with the sell panic button. š¤¦āāļø
Volume and funding see a massive surge
Surprise, surprise, the price surge was fueled by investors who apparently believe in the bright side of life – perpetual market investors went bullish. Oh, the bliss of optimism! š During the rally, the Funding Rate showcased a peculiar scenario where longs were paying fees to maintain a price difference, which is just mathematiciansā way of saying “good luck with that.” At the time of writing, it stood at 0.0026% because apparently, anything less makes them sad.
The Perpetual Trading Volume didn’t want to be left out at 1.097, clearly more active enthusiasts than my neighbor Bob watching his garden hose run dry. š Market volume also saw a respectable 107% jump, like my delight when I realized it was not Tuesday.
Breakout boom on the way?
And wouldnāt you know it, the rally didnāt stop at just a humble high – it broke out of a bullish triangle like something out of one of those finance professorās textbook diagrams. This crossover decision placed MemeCore in a desirable arena for another round of “oh look, watch this thing skyrocket” name game. Itās like watching a reality show with not enough drama – thankfully, analysts are here.
TheĀ A/DĀ indicator – a fancy way to say “Letās track whoās adding to their portfolio of fictional wealth” – shows investors indeed were gathering MemeCore like it was last year’s trendy mullet. Positive A/D territory looms like my next project deadline – impending and slightly terrifying.
Spot investors diverge
But then, some investors (mainly spot investors), seem to have the collective sense of a chicken in a chip shop. They spent hours buying, only to sell off like it was pure liquid joy – and letās not mix metaphors here. The $77,000 that left the market is like finding a dime in a parking lot – it takes place, but barely makes a mark on your day.
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2025-09-13 11:06