Market Context and Signals
MemeCore(M) recently reached new all-time highs, but multiple technical and on-chain indicators now suggest a potential weakening phase. The token’s price surge has pushed key momentum oscillators into deeply overbought territory. The Relative Strength Index(RSI) has exceeded 86, with some reports noting readings near 100 on shorter timeframes. An RSI above 70 typically signals overbought conditions and increases the likelihood of a corrective pullback. These metrics indicate limited upside room for new entries without a healthy correction, raising liquidation risks for leveraged positions.
In derivatives markets, negative funding rates have emerged, reflecting caution among experienced traders. Data shows MemeCore’s funding rate at -0.055, with a predicted funding rate of -0.0134, indicating that long positions are paying shorts to maintain exposure. This dynamic often occurs when the market anticipates a downturn or seeks to hedge bullish exposure. Additionally, the Long/Short Ratio has declined to 0.57, with shorts dominating at 63.5% versus longs at 36.5%, reinforcing a bearish sentiment in futures activity.
On-chain data reveals concerning flow patterns. Exchange inflows have increased, suggesting rising selling pressure. Large holder activity has also intensified, often preceding distribution phases. The initial rally was fueled by the MemeX Liquidity Festival, which offered incentives for trading and liquidity provision. However, as the event concludes, profit-taking could accelerate, exacerbating downward pressure. MemeCore’s relatively limited real-world utility compared to established meme coins like Dogecoin or Shiba Inu heightens its sensitivity to shifts in market sentiment and liquidity conditions.
Implications and Outlook
The convergence of overbought technicals, bearish derivatives positioning, and increased exchange inflows raises the probability of a short-term correction. For leveraged traders, this environment heightens the risk of volatile liquidations, particularly if price movements breach key support levels. Long-term investors should note that sustainable price appreciation will depend on broader adoption and tangible utility, areas where MemeCore still faces challenges despite its innovative Proof-of-Meme consensus mechanism.
Predictions for September 2025 vary widely, reflecting market uncertainty. Some analysts project a pullback toward the $2.07–$2.10 support zone, while others suggest a deeper correction if negative sentiment persists . The token’s ability to hold above these levels will be critical in determining whether the recent high marks a temporary top or a consolidation point before further gains.
For traders, monitoring RSI reversals, funding rate shifts, and exchange flow data will be essential for navigating near-term volatility. For the project’s ecosystem, advancing regulatory efforts in South Korea and expanding use cases beyond speculation could help stabilize long-term value . Until then, MemeCore’s trajectory remains heavily influenced by speculative dynamics and broader altcoin market trends.
