The crypto market has shown a clear divergence this week, with MemeCore (M) and Pump.fun (PUMP) continuing their strong upward trends, while World Liberty Financial (WLFI), related to former U.S. President Trump, has fallen below its listing price and is under continuous downward pressure. Technical analysis indicates that the first two still have room for upward movement, while WLFI is seeking a new support level.
MemeCore hits a new historical high with bullish momentum continuing
(Source: Trading View)
MemeCore surged 34% on September 4, reaching an all-time high of $1.50, and has been on a continuous rise for eight days. As of September 5, the price slightly increased by 1%, facing resistance around $1.47, which coincides with the R2 pivot point on the 4-hour chart. If it can effectively break through and close above this level, the target could be looking at $1.81 (R3 pivot point).
In terms of technical indicators, the MACD and the signal line continue an upward trend, with the RSI reaching 83, indicating strong buying pressure. However, if the pump reverses, 1.13 USD will become a key support level.
Pump.fun supported by creator fee model
(Source: Trading View)
Pump.fun has risen for five consecutive days, with another 2% increase on September 5, benefiting from a new creator fee model that has sparked renewed interest in Solana-based meme coins.
Currently, the PUMP price stands at 0.004335 USD (R2 pivot point). If it closes steadily above this level, it will likely challenge 0.004952 USD (R3 pivot point). The MACD indicator shows robust upward momentum, and the RSI is at 67, still below the overbought zone, but caution is needed for short-term pullback risks. If it falls below 0.004335 USD, the next support level is at 0.003849 USD.
WLFI falls below the listing price, market value shrinks to 4.5 billion USD
(Source: CMC)
In stark contrast to the strength of the previous two, the WLFI token has fallen for four consecutive days since reaching a high of $0.47 at the start of this week, now reporting below $0.20, falling below its listing price on a certain CEX exchange.
Despite the team's proposal to use 100% of the liquidity fees for repurchasing and burning tokens, the market reaction has been tepid. Etherscan data shows that 47 million WLFI have been burned on Wednesday, but the market cap has still fallen to 4.5 billion dollars. If the downward trend continues, the price may further drop to the historical low of 0.16 dollars.
Conclusion
The continuous rise of MemeCore and Pump.fun highlights the current enthusiasm in the crypto market for innovative models and community-driven tokens; conversely, the weak trend of WLFI reminds investors that when market sentiment reverses, corrections can be swift and severe. In the short term, investors should pay attention to whether MemeCore can break through the resistance of 1.47 USD, whether Pump.fun can hold the 0.004335 USD level, and whether WLFI can find support at 0.16 USD.
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MemeCore and Pump.fun are soaring strongly! WLFI has fallen below its listing price and is in crisis.
The crypto market has shown a clear divergence this week, with MemeCore (M) and Pump.fun (PUMP) continuing their strong upward trends, while World Liberty Financial (WLFI), related to former U.S. President Trump, has fallen below its listing price and is under continuous downward pressure. Technical analysis indicates that the first two still have room for upward movement, while WLFI is seeking a new support level.
MemeCore hits a new historical high with bullish momentum continuing
(Source: Trading View)
MemeCore surged 34% on September 4, reaching an all-time high of $1.50, and has been on a continuous rise for eight days. As of September 5, the price slightly increased by 1%, facing resistance around $1.47, which coincides with the R2 pivot point on the 4-hour chart. If it can effectively break through and close above this level, the target could be looking at $1.81 (R3 pivot point).
In terms of technical indicators, the MACD and the signal line continue an upward trend, with the RSI reaching 83, indicating strong buying pressure. However, if the pump reverses, 1.13 USD will become a key support level.
Pump.fun supported by creator fee model
(Source: Trading View)
Pump.fun has risen for five consecutive days, with another 2% increase on September 5, benefiting from a new creator fee model that has sparked renewed interest in Solana-based meme coins.
Currently, the PUMP price stands at 0.004335 USD (R2 pivot point). If it closes steadily above this level, it will likely challenge 0.004952 USD (R3 pivot point). The MACD indicator shows robust upward momentum, and the RSI is at 67, still below the overbought zone, but caution is needed for short-term pullback risks. If it falls below 0.004335 USD, the next support level is at 0.003849 USD.
WLFI falls below the listing price, market value shrinks to 4.5 billion USD
(Source: CMC)
In stark contrast to the strength of the previous two, the WLFI token has fallen for four consecutive days since reaching a high of $0.47 at the start of this week, now reporting below $0.20, falling below its listing price on a certain CEX exchange.
Despite the team's proposal to use 100% of the liquidity fees for repurchasing and burning tokens, the market reaction has been tepid. Etherscan data shows that 47 million WLFI have been burned on Wednesday, but the market cap has still fallen to 4.5 billion dollars. If the downward trend continues, the price may further drop to the historical low of 0.16 dollars.
Conclusion
The continuous rise of MemeCore and Pump.fun highlights the current enthusiasm in the crypto market for innovative models and community-driven tokens; conversely, the weak trend of WLFI reminds investors that when market sentiment reverses, corrections can be swift and severe. In the short term, investors should pay attention to whether MemeCore can break through the resistance of 1.47 USD, whether Pump.fun can hold the 0.004335 USD level, and whether WLFI can find support at 0.16 USD.