{"id":19508,"date":"2025-07-24T04:51:11","date_gmt":"2025-07-24T04:51:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/19508\/"},"modified":"2025-07-24T04:51:11","modified_gmt":"2025-07-24T04:51:11","slug":"memecore-and-story-hold-gains","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/19508\/","title":{"rendered":"Memecore and Story hold gains"},"content":{"rendered":"

Ethereum\u2019s drop below $3,700 triggers a broader market pullback.\u00a0MemeCore maintained double-digit gains from Wednesday, hinting at a potential range breakout.Story\u2019s wedge breakout rally gains momentum, eyes further gains.\u00a0<\/p>\n

Memecore (M) and Story (IP) edge higher at press time on Thursday, holding onto the gains from Wednesday as the altcoins market turns red. The technical outlook indicates a bullish incline as Memecore hints at a potential range breakout and Story\u2019s wedge breakout rally gains traction.\u00a0<\/p>\n

However, as Ethereum (ETH) slips under $3,700, coins like Floki (FLOKI), Pump.fun (PUMP) and Jasmycoin (JASMY) are leading the fall with double-digit losses. <\/p>\n

Ethereum edges higher marginally so far on Thursday after testing the 78.6% Fibonacci level at $3,525 (drawn from $4,107 on December 16 to $1,385 on April 9) with Wednesday\u2019s low. The lower shadow on the previous daily candle reflects the demand at a key support level.\u00a0<\/p>\n

If Ethereum upholds the bullish momentum, it could test the $4,000 psychological mark.\u00a0<\/p>\n

Still, the Moving Average Convergence\/Divergence (MACD) and its signal line inch closer to a reversal crossover as green histograms decline. The Relative Strength Index (RSI) reads 76 on the daily chart, indicating overbought conditions.\u00a0<\/p>\n

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ETH\/USDT daily price chart.<\/p>\n

On the downside, if ETH marks a decisive close below the $3,525 level, it could extend the declining trend to the 61.8% level at $3,067.\u00a0<\/p>\n

Memecore struggles to escape the sideways range<\/p>\n

Memecore edges higher at press time on Thursday within a sideways track on the 4-hour price chart. The recent recovery targets the 23.60% trend-based Fibonacci level at $0.5430 as Memecore inches closer to the $0.5000 psychological level.\u00a0<\/p>\n

A potential close above this level would mark the breakout from a sideways range, potentially targeting the 50% Fibonacci level at $0.7968.\u00a0<\/p>\n

The MACD indicator displays a rising trend of green histogram bars, indicating a growing bullish momentum. Still, the RSI at 64 hovers flat below the overbought boundary line, indicating a stall in buying pressure.<\/p>\n

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M\/USDT 4-hour price chart.<\/p>\n

On the flipside, a reversal in Memecore could retest the 50-period Exponential Moving Average (EMA) at $0.4028.\u00a0<\/p>\n

Story\u2019s wedge breakout rally targets $6.16<\/p>\n

Story edges higher by nearly 2% at press time on Thursday, printing its fifth consecutive bullish candle. The wedge breakout rally on the daily chart gains traction as it crosses above the $5.00 psychological mark.\u00a0<\/p>\n

IP targets the $6.16 resistance level marked by the close of March 25 as the bullish run continues.\u00a0<\/p>\n

The 50-day EMA draws closer to surpassing the 100-day EMA, a potential buy signal as a short-term rally outpaces the longer-term trend.\u00a0<\/p>\n

The technical indicators suggest a boost in bullish momentum as the green histogram bars surge in the MACD indicator and the RSI at 74 enters the overbought zone amid increased buying pressure.\u00a0<\/p>\n

\"\"<\/p>\n

IP\/USDT daily price chart.<\/p>\n

On the contrary, a reversal in the Story below the $4.96 support level could test the 100-day EMA at $4.03.<\/p>\n

Disclaimer: For information purposes only. Past performance is not indicative of future results.<\/p>\n","protected":false},"excerpt":{"rendered":"Ethereum\u2019s drop below $3,700 triggers a broader market pullback.\u00a0MemeCore maintained double-digit gains from Wednesday, hinting at a potential…\n","protected":false},"author":2,"featured_media":19509,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[84,467,56,54,55],"class_list":{"0":"post-19508","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/19508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=19508"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/19508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/19509"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=19508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=19508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=19508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}