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MemeCore jumps 17% amid memecoin rally, but profit-taking risks loom with rising Open Interest.

Technical Signals
28 Oct 2026, 21:00 WIB
AMBCrypto
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Bullish
MemeCore jumps 17% amid memecoin rally, but profit-taking risks loom with rising Open Interest.

MemeCore (M) surged over 17% in 24 hours, rebounding from its 20-day EMA support near $1.131 as memecoin interest grows. Open Interest rose 20% to $8.4 million, with long positions making up 54.28% of market exposure, signaling increased trader participation and bullish sentiment. However, the MVRV Z-Score at 2.4 suggests holders might take profits soon, risking a price pullback. The rally’s sustainability depends on fresh demand absorbing potential selling from profit-taking holders.

MemeCore's recent surge is notable alongside broader cryptocurrency market movements. For readers following major cryptocurrencies on Pluang, 30 out of 50 rose today. Notable price changes include EOS up 8.13% at Rp12.649, BAT down 5.14% at Rp2.513 with 100% buy order activity, and LTC up 5.04% at Rp1.074.620 with 61% buy orders. This data is as of Oct 29, 2026 00:23 WIB.

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