MemeCore (M) Eyes $4 Breakout After 25% Rebound: Key Levels to Watch

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MemeCore (M) Rebounds 25% Off 0.382 Fib, Eyes $4 Breakout

MemeCore (M) saw a 25% increase on Tuesday, reaching $3.38. This bounce happened after the price briefly fell to $2.59 – a key support level – suggesting that buyers returned to the market.

Recent gains have pushed the price of M into a narrow trading range around $3.40, triggering some selling from traders who were betting against it. If the price rises above this level, it could quickly move towards $3.88 and potentially $4 in the next few trading days.

Short Liquidation Clusters Stack Above $3.50

Coinglass’s M Exchange Liquidation Map shows a large concentration of traders positioned to sell (short) around $3.49, with even more between $3.69 and $3.88. Another significant group of short positions exists slightly higher, between $4.05 and $4.27.

A significant number of traders who were betting on price increases have their stop-loss orders clustered between $2.51 and $2.60, making this a key price level. This area previously caused a price drop when similar traders were forced to sell, and it’s now acting as a strong point of attraction for price movement.

Analyst @ScalpingX notes the current price of $3.41 is in a narrow range between $3.40 and $3.50. If the price rises above $3.50, it could quickly move up to $3.88 and potentially reach $4.27.

If the price stays above $3.41, it suggests a continued upward trend. However, if it falls below that level, the focus shifts to a potential drop to $3.12, and potentially even lower to $2.60.

Resistance at $3.68 Caps the Bullish Push

Looking at the 4-hour chart, there was a strong surge in buying when the price hit $2.65. This is indicated by a large green bar – a 39% increase – accompanied by the highest trading volume seen in the last 30 days.

The price hit a ceiling at $3.68, which now acts as a barrier to further gains. This level previously supported the price but is now acting as resistance, and it also corresponds to a key technical level based on the Fibonacci sequence. This price action is similar to what we saw during the previous upward trend that pushed the price closer to its record high.

The Relative Strength Index (RSI) has moved above 50, indicating a bullish trend, and still has room to rise before becoming overbought. The Moving Average Convergence Divergence (MACD) has also turned positive, showing increasing upward momentum with growing green bars.

If the price stays above $3.68 for four hours, it could then reach $4.50. However, if it falls from this level, it’s likely to drop back down to around $2.60, where there’s strong buying interest and a lot of previously closed sell orders.

MemeCore Price Prediction Eyes $4 Pivot

As a crypto investor, I’m watching this chart closely. It looks like we’ve got a classic retest of that upward, parabolic trend. On May 4th, the price hit the 0.382 Fibonacci level at $2.59 with a huge spike in trading volume, and then bounced back strongly – around 25% – the next day, briefly touching the 0.618 Fibonacci level at $3.46 before settling back a bit. It’s a pretty bullish signal if it holds up.

If the price stays above $3.46 each day, the next significant price target is $4.07, followed by a potential run towards the record high of around $4.86. The recent dip from its rapid climb was anticipated and now sets the stage for more stable growth.

The daily Relative Strength Index (RSI) has moved out of overbought territory and is starting to rise again. While the Moving Average Convergence Divergence (MACD) is still negative, its histogram is increasing, which indicates that the recent downward trend may be losing steam.

The price is currently testing a key support level at $2.60. If the price falls below this level, it would negate the optimistic outlook and likely lead to a further decline towards $2.05. This $2.05 level corresponds to a Fibonacci retracement level and aligns with previous signals suggesting weakening demand.

Based on the 30-day price chart, we expect a quick and decisive price change. Because there’s not much trading activity currently, and a strong support level exists below $3.68, the price of M will likely move sharply once it breaks above or below that key level.

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2026-05-06 07:59