MemeCore Slides 30% as Starknet, Filecoin, Midnight and Near Face October Pullback

1 hour ago 2 sources negative

Key takeaways:

  • MemeCore's unlock-driven supply shock outweighs LayerZero integration, keeping M vulnerable to further downside.
  • RSI at 21 without bullish divergence suggests M buyers lack conviction despite oversold conditions.
  • Watch STRK's $0.053 support and FIL's $1.00 level as sentiment pivots for altcoin risk appetite.

MemeCore's M token has fallen to $0.6706, losing 15.17% in 24 hours and 30.21% over seven days, according to CoinMarketCap. The decline pushed its market cap to $1.53 billion and erased roughly two-thirds of the token's 280% summer rally that began near $0.47 in late June and peaked at $1.785 on September 20.

The sell-off accelerated after M broke below the $0.972 floor on October 12, sliding through $0.855 and $0.751 within a narrow downward channel. Daily RSI fell to 21, the lowest since late June, but no bullish divergence has appeared. An unlock of about 56.11 million M on October 2, worth roughly $57 million at the time, added supply pressure. Although MemeCore integrated LayerZero and Stargate on October 15, enabling M and stablecoin routes to BNB Chain and Base, the new liquidity paths have not yet translated into buying support. Market participants also eyed a scheduled unlock of 23.28 million ZRO tokens worth about $43.3 million on October 20 as a reminder of cross-project unlock pressure.

Starknet (STRK) is trading at $0.0572 after falling more than half from its October high near $0.125 on October 11. The token is testing the blue moving average near $0.053, with next supports at $0.046 and $0.044. Filecoin (FIL) sits at $1.0146, defending the $0.995–$1.00 area within a still-intact uptrend; a daily close below that level would open the way to $0.96 and $0.92.

Midnight (NIGHT) is at $0.0394, holding the short green moving average near $0.0397 after a pullback from its $0.053 high, with the next support at $0.0347. Near Protocol (NEAR) is moving sideways between $4.60 and $5.40, currently at $4.908, with support near $4.75 and resistance at $5.40. All four tokens remain above their larger rising moving averages, but short-term momentum has turned neutral to negative.

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