MemeCore (M) surged 25% to $3.38 after retesting the 0.382 Fibonacci support level at $2.59, according to exchange data. The rebound followed a record-volume spike on May 4 that tagged the same zone, and the token now faces a critical test at $3.68 — a level that has flipped from support to resistance.
Liquidation clusters and the path higher
Short liquidation clusters are dense starting at $3.49 and thicken between $3.69 and $3.88, with a second wave between $4.05 and $4.27. On the downside, long liquidation pockets concentrate from $2.51 to $2.60, forming the largest magnet zone on the 30-day liquidation heat map. Analyst @ScalpingX noted that a clean break above $3.50 could accelerate the move toward $3.88 first, then $4.27.
Technical indicators turn bullish
The 4-hour chart shows aggressive spot buying at the $2.65 low, marked by a 39% green candle on the highest volume in 30 days. The Relative Strength Index (RSI) has reclaimed the 50 line and entered bullish territory without being overbought. The Moving Average Convergence Divergence (MACD) flipped positive with growing green histogram bars, signaling that downside momentum has faded.
On the daily timeframe, the RSI reset from overbought levels and is curling back up, while the MACD histogram is turning higher. The daily chart shows a retest of the parabolic ascending curve. MemeCore tagged the 0.382 Fibonacci at $2.59 on May 4 with a record-volume spike, then bounced 25% with a wick reaching the 0.618 Fibonacci at $3.46.
The $3.68 barrier and what follows
Price stalled at $3.68, which is both flipped support-turned-resistance and the 0.618 Fibonacci retracement of the recent decline. A 4-hour close above $3.68 would unlock $4.50 as the next mid-term target. A daily close above $3.46 opens the 0.786 Fibonacci at $4.07 as the first major target, followed by the all-time high near $4.86.
If rejection occurs, the token is expected to return to the $2.60 demand zone. The invalidation level sits at $2.60 horizontal support; a break below that would cancel the bullish thesis and reopen the $2.05 zone, which corresponds to the 0.236 Fibonacci level.
Whether buyers can sustain momentum through the $3.68 resistance in the coming sessions will determine if the rally extends toward the $4.50 target or if MemeCore retreats to retest support.
