MemeCore Rises 25% After 0.382 Fib Retest, Eyes $4

MemeCore (M) rose 25% to $3.38 after retesting the 0.382 Fibonacci support at $2.59 on May 4. The token recorded a high-volume reversal at that low and advanced into a thin liquidity band around $3.40, with a wick into the 0.618 retracement near $3.46.

On the four-hour chart, the relative strength index moved above 50 and the MACD histogram turned positive. Trading data showed the largest single green candle in 30 days printed at the $2.65 low, which coincided with the highest volume reading of the past month.

Price stalled near $3.68, the 0.618 retracement and a flipped support-turned-resistance level. A four-hour close above $3.68 would open $4.50 as the next mid-term technical target; rejection at that level would return price to the $2.60 demand zone linked to the largest long-liquidation cluster.

Coinglass’s M Exchange Liquidation Map shows short positions concentrated from $3.49 and thickening between $3.69 and $3.88, with a second cluster at $4.05 to $4.27. Long liquidation pockets below the market sit mainly between $2.51 and $2.60.

On X, analyst @ScalpingX wrote that the current price near $3.41 is inside a thin liquidity layer between $3.40 and $3.50. The analyst noted a clean break above $3.50 could move price to $3.88 and $4.27, while losing the $3.41 pivot would shift focus to $3.12 and the $2.60 zone.

On the daily chart, MemeCore retested a parabolic ascending curve, tagging the 0.382 level at $2.59 and then printing a wick into the 0.618 level near $3.46. A daily close above $3.46 would open the 0.786 retracement at about $4.07, with the all-time high near $4.86 remaining a longer-term reference.

Invalidation for the bullish technical scenario sits below the $2.60 horizontal support. A break under that level would expose the $2.05 area near the 0.236 retracement and correspond with earlier on-chain liquidation signals. Traders are monitoring the $3.50 to $3.68 corridor for short liquidations and the $2.51 to $2.60 band for long liquidations.