MemeCore crypto shot up over 100% in the last 7 days amid strategic partnerships and whale accumulation. Will the token continue to see more gains or face a correction in the coming days?

According to data from crypto.news, MemeCore (M) price rose 126% to an intraday high of $0.932 on Tuesday morning Asian time before settling at $0.85 at press time. At its current price, it stands above 1,300% from its year-to-date low and just 11% shy of its all-time high, which the token reached last weekend.

MemeCore’s price gains were accompanied by a jump in its market cap to over $1.4 billion, now ranking as the 91st largest crypto asset, overtaking established players such as XDC Network (XDC) and Pump.fun (PUMP).

What drove MemeCore gains?

The main catalyst that drove MemeCore’s rally was its recent partnership with D-Pump, a Web3 token launcher focused on meme culture and ecosystem-building.

“This collaboration will focus on ecosystem interconnection, technical collaboration, and market expansion, jointly empowering the meme economy and on-chain assets,” noted an X post by D-Pump, which was reposted by the MemeCore team.

The strategic partnership likely drove renewed interest from investors, leading to price appreciation for the MemeCore token.

Another factor that supported MemeCore crypto’s gains was the platform’s MemeX liquidity event, which offered rewards to traders and liquidity providers, injecting approximately $5.7 million into the token’s ecosystem. This influx of capital led to increased accumulation from retail traders and triggered short-squeeze events, which fueled the token’s rally in the past week.

Additionally, whale accumulation played a key role in supporting MemeCore’s gains. According to data from Nansen, whales purchased over 51.9 million tokens last month. Such large-scale purchases from whales added upward price pressure while also likely fueling FOMO among retail investors, further amplifying demand for the token.

MemeCore price analysis

On the daily chart, MemeCore has posted six consecutive green candles after breaking out of a consolidation phase that persisted since early August.

The 20-day simple moving average has crossed above the 50-day, forming a short-term golden cross that signals potential for further upside this week.

Momentum indicators reinforce this view, with both the MACD and RSI trending upward, suggesting that bulls remain firmly in control. However, the RSI has reached overbought territory at 80, indicating the possibility of a short-term pullback before the next leg higher.

Based on these technicals, the most likely upside target for MemeCore is $1.14. A decisive break above this level could open the door to price discovery.

On a bearish note, if bullish momentum fades, the token is likely to find support around $0.62, a zone that aligns with the 38.2% Fibonacci retracement level.