Memecore’s Wild Ride: Shorts Cry, Prices Dive?

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Oh, Memecore (M), you cheeky little devil. Sitting pretty at $2.20, but let’s not get too comfy-you’ve just pulled a classic Phoebe and dropped 9.25% after your little “explosive rally” tantrum. $1.7 million in short positions? Gone. Poof. Like my patience with your drama. But hey, history says this party’s over before it started. Sorry, not sorry.

The Chaikin Money Flow (CMF) is giving me side-eye, and the liquidation chart? It’s basically a “been there, done that, bought the merch” situation. Lower prices, incoming. Brace yourselves.

This Pattern? Oh, It’s Screaming Reversal

Coinglass, darling, has been keeping tabs on Memecore since late September 2025. Every time there’s a liquidation spike, it’s like watching a bad sequel-predictable and disappointing. October? Boom, $1.79 million in shorts liquidated, followed by a price nosedive. November? Rinse, repeat. March 25? Another $1.7 million gone, plus some longs for good measure. Reversal? Practically guaranteed. Yawn.

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October 10? Biggest short liquidation before March 25. Price held on like a bad date. February 5? Same story. March 25? Breakout, liquidation, and now we’re here. One to two sessions, tops, before the reversal hits. Tick tock.

Capital Outflows? Oh, They’re Coming

The CMF on the daily chart is like that friend who says they’re fine but is clearly not. Peaked at 0.25 on March 17, now it’s at 0.09. Straight-line decline. Rising prices? CMF’s like, “I don’t think so, hun.” Bearish divergence? Textbook. Buyers? Ghosting. Short squeeze? Sure. Genuine demand? LOL.

CMF at 0.09? Still positive, but barely. Descending trendline? Zero is calling. Capital leaving? It’s not a question of if, but when. Last technical support? Bye, Felicia.

Memecore Price: Down We Go

Fibonacci retracement? Oh, we’re playing that game. $1.60 to $2.45. 0.618 level at $2.02? Highlighted in green, because why not. $2.29 and $2.45? Cute, but irrelevant. March 26? Opened below $2.45. Shocking. 29.80% gain? Partially reversed. $2.20? Welcome back to reality.

$2.02? Most likely pit stop. Below that? $1.94, then $1.76. $1.60? The floor, for now. Bullish invalidation? Daily close above $2.63. March 25? Tried it, failed it. Full daily candle above $2.63? Break the pattern, sure. New highs? In your dreams.

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2026-03-27 01:41