Key Takeaways, You Silly Lot
Why Did MemeCore [M] Surge This Week? Oh, What a Tangled Web!
Those pesky spot outflows and a whopping 40% jump in Derivatives Volume sent the price skyrocketing near $2.23, as buyers came charging back like naughty children after bedtime. 🚀💸
Can the Bulls Keep Control? Or Will Bears Steal the Lolly?
RSI lounging at 56 and inching towards a DMI crossover-fingers crossed for a cheeky retest of $2.50 if the momentum doesn’t fizzle out like a dud firework. 😏
Ah, MemeCore [M] pranced along in its little rally, swaggering into fourth place among the memecoin giants by market cap. The scamp surged a cheeky 10.13%, peaking at $2.28 before slumping back to $2.23. What a show-off!
In the same jolly jaunt, trading volume bloated up 43% to $19.4 million, while market cap puffed out to $2.35 billion-proof those clever investors are stuffing their pockets. Greedy little gnomes, aren’t they?
Buyers Return to the Spot Market, With Mischievous Grins
After a brief tantrum of profit-taking, buyers stormed back like they owned the place. The spot activity whispered the truth louder than a witch’s cackle.
CoinGlass tattled that MemeCore’s Netflow tumbled to a grumpy -$26.9k from a perky +$8k yesterday, revealing higher outflows and sneaky accumulation. Oh, the irony!
Historically, these stubborn outflows have teased rallies-traders sneaking tokens off exchanges like stealing sweets. This fresh hoarding spurred the derivative devils into action. 😈
Derivatives Heat Up as Futures Inflows Go Wild
Capital poured into the Futures market like champagne at a villain’s birthday bash, as traders bet on short-term tomfoolery.
CoinGlass spilled the beans: Derivatives Volume ballooned 40.75% to $69.2 million, with Open Interest creeping up 5.66% to $54.95 million. When both swell, it’s a neon sign screaming “new positions crashing the party!”
Yikes, Futures Inflow leapt to $10.69 million against pitiful $10.28 million outflows.
Result? Futures Netflow ballooned 187% to $406k, showing more chums flooding in. Investors shoving capital to gamble on bullish bets or bearish blunders-who knows! 🎲
Curiously, peeking into Derivatives, investors dashed to bet against the circus. Sarcastic bunch, eh?
The Long/Short Ratio across big exchanges cowered below 1.0 at 0.88, painting the Futures mob with a gray bearish brush.
But those toppers on Binance defied the grumpy herd, Ratios over 2.6, hinting optimism from the posh players. This divide kept short-term vibes as mixed as a witch’s brew.
MemeCore’s Technical Setup Cheats for the Bulls
AMBCrypto’s crystal ball showed MemeCore soaring on rivers of capital in Spot and Futures realms.
On the daily doodle, M’s RSI flirted up to 56.22, flipping above its sneaky signal line at 49.27-a mildly hopeful hiccup for the uptrend gang.
To make the bullish party pop, the Directional Movement Index needs a crossover between +DI (18.69) and -DI (19.43).
If it happens, M might tickle $2.30 again and eye $2.50 resistance. But beware-a sentiment shift could yank prices down to $1.90 support like a trapdoor. Won’t that be a nasty surprise? 🙃
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2025-10-22 21:23