MemeCore (M) leads the pump of alts, MNT and LTC challenge to break through higher resistance.

Today (5), the crypto assets market has once again shown a strong rebound, with MemeCore (M) leading the way with an astonishing pump, driving Mantle (MNT) and Litecoin (LTC) to strengthen simultaneously. The three major popular coins are in the spotlight, and the technical indicators are releasing both bullish and bearish signals. How should investors grasp short-term opportunities and potential risks? This article provides an in-depth analysis of the latest market trends and price predictions.

MemeCore surges 25%, overbought risk emerges

In the past 24 hours, the price of MemeCore (M) surged by 25%, leading the rebound in the altcoin market. On Monday, the single-day increase reached as high as 31%, successfully breaking through the 23.6% Fibonacci retracement level of $0.5430, with bullish targets aimed directly at $0.7968. However, as of the time of this report on Tuesday, the M stock price has retreated over 2%, with a 4-hour RSI reaching 84, indicating that overbought pressure may have peaked, increasing the risk of a short-term pullback.

The MACD line continues to rise, and momentum remains bullish. However, if the support at $0.5430 is lost, the price may further drop to the $0.5000 level. Investors are advised to be cautious when chasing highs and to pay attention to changes in technical indicators.

Mantle Golden Cross Buy Signal, Key Resistance Awaiting Breakthrough

Mantle (MNT) had a strong Rebound this week, soaring 19% on Monday and also gaining 3% on Sunday. Although it slightly pulled back 2% on Tuesday, technical indicators are frequently showing highlights. The 50-day and 100-day EMA have formed a golden cross, the daily RSI has risen to 60, and the MACD line has crossed above the signal line, all of which are bullish signals.

Currently, the MNT price is slightly below the 50% retracement level of 0.8856 USD. If it can return to this level and hold steady, there is a prospect of challenging higher resistance in the future. If a reversal occurs, attention should be paid to the support at 0.75 USD of the 200-day EMA.

Litecoin surges to a five-month high, with 147 USD as the new target

Litecoin (LTC) has risen for two consecutive days, jumping nearly 10% on Monday and continuing its upward trend on Tuesday, reaching a new high since March. LTC successfully broke through 122 USD (78.6% Fibonacci retracement), and if it can close steadily at this level, it is expected to aim for 147 USD in the future.

The MACD and signal line are about to cross, or may once again release a buy signal. However, the daily RSI has reached 70, entering the overbought zone, and caution is needed for short-term profit-taking pressure. If the upper resistance is not broken, LTC may retest the support at 106 USD.

Conclusion

MemeCore is leading the charge today, with MNT and LTC also showing breakthrough potential on the technical front. However, all three major coins are showing signs of being overbought, with short-term volatility intensifying. Investors should closely monitor key support and resistance levels, flexibly adjust their positions, and seize every opportunity and risk during market rotations.