$M ) 📊 Market Update – Clean & Simple
#M emeCore (M) is currently trading at $1.68742, up +1.19%, showing a small recovery but overall market structure remains mixed.
Market Structure:
Price is below MA(7) and MA(99) but above MA(25). This shows short-term weakness with some mid-term support still holding. Trend is not clearly bullish yet.
Support Zone:
1.60 – 1.50
Resistance Zone:
1.72 – 1.90
Trend Outlook:
As long as price stays below 1.72–1.90, upside will remain limited. Holding above 1.60 is important to avoid further downside. Volume is relatively low, suggesting lack of strong momentum.
Conclusion:
M is currently in a neutral to mildly bearish phase. A confirmed move above resistance with strong volume is needed for bullish continuation. Otherwise, sideways to weak movement may continue.
