Memecore saw a significant increase in the last day, rising 14.7%. Trading activity also went up, with volume increasing by 13.88%, according to data from CoinMarketCap.
The price of M actually jumped nearly 30% in just two days, but it has since come down a bit in recent trading.
The memecoin hit a low of $1.24 on February 15th, but then surged to $1.61 in just over a day and a half. As of now, it’s dropped about 7.7% from that high, currently trading at $1.49.
Is the M rally beginning, or has it already ended?
The yellow lines on the chart show Fibonacci retracement levels, calculated using Memecore’s price movement from $0.36 to $2.99 between August and September 2025.
They showed that M bulls have defended the 61.8% retracement level at $1.37 since late November.
Trading activity has created a price range between $1.23 and $1.90. Previously, prices between $1.86 and $2.04 acted as a resistance level, meaning sellers were active in that area.
So far, Memecore has not managed to close a daily trading session above it.
I’ve also been observing the Advance/Decline indicator, and it’s been decreasing recently. This suggests stronger selling activity than buying, which reinforces my belief that the $1.90 level acted as a significant resistance point and triggered a lot of selling.
Recently, the CMF has largely stayed below -0.05 during periods of stable trading, indicating substantial money is leaving M.
Selling pressure was clearly strong, and the recent increase in price over the last two days happened with surprisingly little buying activity.
Is the short-term Memecore bias changing?
When the price of M neared the $1.50 level – where many traders were expecting to sell – the price quickly fell, suggesting a lot of people were taking profits. This likely means the price will continue to drop, potentially down to around $1.36.
A deeper retracement to the range lows is needed for swing traders to look to buy.
As things stand, M traders can look to sell rather than buy as buying strength appears exhausted.
Final Summary
- Memecore has posted strong short-term gains and was consolidating with a longer-term range.
- Despite the gains in the past two days, further bullish momentum appeared unlikely and a retracement toward the local support levels is expected.
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2026-02-17 16:57