According to latest reports from AMBCrypto, MemeCore (M) has emerged as the only top-100 token by market capitalization trading up by double digits, gaining 16% as broader sentiment continues to show strength in buying activity. The token has climbed from its previous high of $1.468 to maintain its position among the day's strongest-performing large-cap crypto assets. The move occurred despite weakness across Bitcoin and Ethereum, indicating that token-specific trading flows rather than a market-wide rally are driving the advance.
As reported by AMBCrypto, the surge has moved in the opposite direction to MemeCore's mindshare across social media platforms, creating an unusual divergence in market signals. CoinMarketCap data shows mindshare has plummeted to approximately 688 mentions, which typically offers a useful gauge of retail involvement and moderate levels tend to signal a healthy market. However, the low figure still leans positive, suggesting retail traders have yet to fully catch on and the market has therefore avoided a frenzy while retaining room for a further upswing. Sentiment sits firmly in positive territory at 4.64, indicating that investors remain leaned toward the bullish side and any move higher would show that a growing share of investors expect additional price gains over the short to near term.
According to AMBCrypto, the buying activity dominating the spot market stands out as the clearest driver behind the move, with CoinGlass spot netflow currently reading negative $32,000. A negative netflow means more MemeCore has left exchanges than has moved onto them, and readings in this range often hint at a longer-term play as investors lock their holdings into wallets. Around $596,000 has shifted into wallets at press time, with the interest appearing more global in nature as Kraken shows American investors selling, with the exchange's total netflow closing near $91,000 over the past 24 hours. Data from five days ago traces the accumulation trend back to when netflow reached negative $136,000, demonstrating sustained buying at this level would keep the asset supported.
As reported by crypto.news, MemeCore's moving average convergence divergence indicator has produced a bullish crossover, while its histogram has moved into positive territory. The token's relative strength index has risen to approximately 45.5 from deeply oversold levels recorded after the June crash, though it remains below the neutral reading of 50. Price structure shows M rebounded from a late-June low near $0.50 and reached approximately $1.80 before pulling back, forming a base above $1.10 with the July 14 candle pushing it back toward the upper edge of that structure. However, the rally is not fully confirmed as both MACD lines remain below zero and RSI is still under the 50 neutral level.
According to AMBCrypto, across the perpetual market, traders continue to lean bullish with funding rate and open interest both pointing the same way. The open-interest-weighted funding rate shows that the $31.19 million committed to the perpetual market has largely backed a rally, as traders open more contracts and positioning implies traders anticipate further upside. This positioning raises the odds of directional flow in the near term, with a daily close above $1.45-$1.50 strengthening the breakout and leaving the $1.70-$1.80 region as the next visible resistance zone. However, failure to hold above $1.45 could show that the move was another brief liquidity-driven spike, with support remaining around $1.20 and $1.10.
