MemeCore – How falling trading volume could derail M’s 11% rally
Photo: AMBCrypto
MemeCore [M] has recorded an 11% price surge over the last 24 hours at press time, after a sharp rejection from the 20-day EMA at $1.13. Despite the surge, the token lacks volume, with its trading volume shrinking by 4% over the same period. However, MemeCore derivatives are leaning to the bulls. The token's Open Interest (OI) has gained by 28% to $6.8 million over the last 24 hours, and long positions account for 54% of the total leveraged position. Could the positive derivatives keep the current momentum going?
Source: AMBCrypto
