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FollowingMEMECORE prices show signs of recovery, but the market is not yet fully convinced
MEMECORE prices are again showing signs of recovery, but the market is not yet fully convinced. After experiencing one of the most dramatic declines in mainstream altcoins this year, the token achieved a small intraday rebound after the project's latest community event in Tokyo. The question now is not whether buyers will return, but whether they can make the recovery last.
Tokyo event maintains community attention
MEMECORE shocked investors in June, when its price plunged nearly 89% to US$0.51 from an all-time high of US$4.83. The sell-off erased months of gains and pushed market sentiment to one of its weakest levels.
The situation improved significantly in early July. The token rebounded strongly to $1.85, up about 233% from its June low, but then lost momentum again. Since then, prices have fallen back to around $1.12, remaining below their 20-day moving average-a level many traders still view as short-term trend resistance.
At the same time, the project company shared the latest news of the Tokyo event, calling it a successful community gathering. The team also confirmed that another event will be held in about ten days in partnership with WebX Asia and Event3, indicating that outreach to the ecosystem is continuing.
MEMECORE technical resuscitation still needs to be confirmed
Community participation helps keep the project focused, but prices ultimately depend on demand. Currently, MEMECORE prices are still below the 20-day moving average, indicating that the recent rebound has not yet formed a confirmed trend reversal. If buyers fail to recover that moving average, the token may gradually fall back to the support level of $0.51-a level that prevented a decline in June.
On the other hand, if we decisively break through the 20-day moving average, it will strengthen expectations for recovery. In this case, the next notable resistance level is around $1.73 and $2.11, where sellers have regained control.
Upward momentum needs to surpass headlines
Currently, MEMECORE is at an interesting crossroads. Community activities are helping projects maintain visibility after the June crash, but visibility alone cannot support the gains. Unless MEMECORE prices re-break through their short-term trend resistance, traders are likely to remain cautious even if ecosystem activity continues.
