MEMECORE rises 24.14 % with the iodine Elliott wave structure that targets $ 0.77 star-news.press/wp

Memecore increased by 24.14 %, confirming the outbreak of the highest high range. This step indicates a number of active Elliott Bullish wave with more bullish trend if the main levels are possible.

After the side trading for weeks, Memecore now confirmed a structural outbreak with a strong reckless momentum. The price occupied a decisive support area before starting a march that now challenges the major resistance. Technology convergence supports an upward continuation if the resistance collapses or if a healthy correction occurs first.

Main technical points

• Higher time frame support: Confirm at $ 0.32 with multiple successful re -tests.
• Current resistance: $ 0.62 (high value and fibonacci pivot).
• The following upcoming goal: 0.77 dollars based on the Fibonacci extension if the structure continues.

After several successful tests to support the high time frame at $ 0.32, Memecore created a strong base. This support coincides with a decrease in the value of the value, as the repeated bounce indicated that there is a fixed buyer. Once the control point is recovered, a strong flowing step was turned on.

This gathering led the price directly to the $ 0.62 resistance area, which is in line with the high value area and the main Fibonacci level. Memecore now tests this area. Whether it holds or breaks the path will be determined in the short term.

The structure appears to follow the Elliott wave style for textbooks. Memecore is likely to be in the third wave of a five -wave clute sequence. The 3 wave is often the most explosive, which corresponds to 24 % strong action. However, rejection at the current levels may lead to a short -term corrective stage.

If the wave 4 starts, the support can be found about $ 0.52. This area is in line with a 1: 1 corrective step for wave 2. If the price maintains this support, the next step is likely to be the highest wave 5, which complements the structure in the Fibonacci extension area near $ 0.77.

This extension depends on the expectations based on the direction of early motivation, and it represents the high probability area if the structure remains intact. The size of the size supports the current step, indicating that the march is driven with strong participation in the market.

If Memecore collapses more than $ 0.62, this will nullify the corrective scenario and indicate the wave 3 continues towards a region of $ 0.77. None of the scenario remains technically difficulties, provided that it is $ 0.52 carried as support in a state of decline.

What can be expected in the next basic procedure

The clean interruption above $ 0.62 will open the door to $ 0.77. If it is rejected, it is expected to be a short correction to $ 0.52 before the next station. The market structure is still upward as the price movement is similar to Elliot’s motivation.