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MemeCore jumps 25% on speculative demand but faces selling pressure and possible pullback.

Market News
05 May 2026
AMBCrypto
Neutral
pluang ai news

MemeCore memecoin surged 25% from $2.5 to $3.6 driven by increased speculative trading and futures market activity, with trading volume and market cap rising significantly. Despite this rebound, strong selling pressure and profit-taking have emerged, keeping the market structurally bearish. Technical indicators show buyers returning but sellers still dominant, suggesting the price may struggle to hold above $4 and could pull back toward $2.6. The memecoin's short-term outlook depends on whether speculative interest sustains momentum.

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