MemeCore Jumps 25%, Overtakes PEPE as RSI Signals Risk
MemeCore (M) rose 25% in a day, briefly topping $0.95 and reaching a 10-day high before easing to about $0.91. Its market value exceeded $2 billion, putting it ahead of PEPE and making it the fourth-largest meme coin by market capitalisation. The rally came as much of the wider meme coin market fell, although its trigger is unclear. MemeCore also announced that bridging has moved from Meson Tunnel and Express to LayerZero, with work under way to migrate some USDC.e liquidity to Stargate. Analyst Crypto With Gopal said a hold above $0.85 could leave MemeCore room to test $0.96 and possibly $1.00, following a break above $0.80 resistance. However, the token’s RSI has reached 90, a level often associated with overbought conditions and possible short-term pullbacks. MemeCore is highly speculative: it previously fell 76% in one day, and investigator ZachXBT has questioned its valuation and tokenomics.
Neutral
The news is neutral overall because it combines a sharp, token-specific rally with clear signs of elevated risk. MemeCore’s 25% daily gain, move above the $0.80 resistance area and outperformance of PEPE may attract momentum traders in the short term. The analyst’s $0.96–$1.00 levels could become near-term targets if buying continues and M holds above $0.85. The LayerZero bridging change may also draw attention, but the article does not establish it as the cause of the rally or show that it materially improves demand for M.
There are notable counter-signals. An RSI of 90 indicates an extremely overbought reading, increasing the possibility that traders take profits and that price retreats. Meme coins have often rallied rapidly on speculation before reversing just as quickly; MemeCore’s reported 76% single-day drop illustrates this volatility. Questions about valuation and tokenomics further limit confidence in a sustained move.
In the short term, trading may remain volatile, with price action around $0.85, $0.96 and $1.00 likely to guide sentiment. A sustained move above resistance could extend the rally, while a loss of support may prompt a swift correction. Longer term, the bridge migration is a project development to monitor, but durable market strength would depend on factors such as continued demand, liquidity and confidence in tokenomics—not the price spike alone. The article therefore supports a neutral market view rather than a broad bullish or bearish conclusion.