{"id":580397,"date":"2026-03-17T20:30:23","date_gmt":"2026-03-17T15:00:23","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=580397"},"modified":"2026-03-17T13:49:24","modified_gmt":"2026-03-17T08:19:24","slug":"memecore-jumps-18-as-traders-turn-bullish-is-a-breakout-toward-2-next","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/memecore-jumps-18-as-traders-turn-bullish-is-a-breakout-toward-2-next\/","title":{"rendered":"MemeCore jumps 18% as traders turn bullish: Is a breakout toward $2 next?"},"content":{"rendered":"

MemeCore has rallied over 18% in the last 24 hours, pushing the price toward $1.74 as trading activity expands rapidly across Spot markets.\u00a0<\/span><\/p>\n

Volume has surged to $13.67M, marking a sharp 46% increase, which reflects strong participation behind the move.\u00a0<\/span><\/p>\n

At the same time, market cap has climbed to $2.23B, reinforcing the scale of capital entering the asset.\u00a0<\/span>However, price still trades below a key resistance near $1.85, which continues to define the next directional move for <\/span>MemeCore [M].\u00a0<\/span><\/a><\/p>\n

Can MemeCore sustain this breakout structure?<\/b><\/h2>\n

MemeCore has broken above a tightening symmetrical triangle, with price pushing upward after weeks of compression between converging trendlines.\u00a0<\/span><\/p>\n

This structure had formed between roughly $1.29 support and $1.85 resistance, creating a clear squeeze zone before the breakout attempt.<\/span><\/p>\n

At the time of writing, M traded near $1.74, holding above the upper boundary of the triangle, which signaled that buyers have taken control of the short-term structure.\u00a0<\/span><\/p>\n

However, the $1.85 level still acts as overhead resistance, and repeated rejections at this level highlight its importance.\u00a0<\/span><\/p>\n

If MemeCore continues holding above the breakout zone, price could extend toward the $2.60 resistance, which remains the next major target.<\/span><\/p>\n

The MACD indicator has shifted into a constructive phase, with the MACD line rising above the signal line and the histogram printing positive values.\u00a0<\/span><\/p>\n

Current readings near 0.025 for MACD and 0.019 for the signal line show expanding separation, which reflects strengthening upward pressure.\u00a0<\/span><\/p>\n

At the same time, the histogram has turned green, indicating that buying strength has started to dominate recent sessions.<\/span><\/p>\n

\"MemeCore<\/a>
Source: TradingView<\/figcaption><\/figure>\n

Why are top traders leaning heavily long on MemeCore?<\/b><\/h2>\n

Binance top trader <\/span>positioning<\/span><\/a> showed a clear bias toward long exposure at press time, with 60.91% of positions favoring longs compared to 39.09% shorts.\u00a0<\/span><\/p>\n

This imbalance pushed the Long\/Short Ratio to 1.56, reflecting growing confidence among large traders.\u00a0<\/span>As price has approached resistance, this positioning suggests that traders expect further upside rather than rejection.\u00a0<\/span><\/p>\n

However, such strong long dominance can also increase sensitivity to volatility if price fails to break higher.\u00a0<\/span><\/p>\n

Even so, the alignment between rising price and long positioning reinforces the bullish structure, indicating that MemeCore continues attracting directional conviction from experienced participants in the derivatives market.<\/span><\/p>\n

\"\"<\/a>
Source: CoinGlass<\/figcaption><\/figure>\n

Are short liquidations fueling the rally?<\/b><\/h2>\n

Liquidation data<\/span><\/a> revealed that short positions have faced increasing pressure, particularly during recent upward spikes.\u00a0<\/span><\/p>\n

At the latest reading, short liquidations totaled around $7.68K, while long liquidations remained significantly lower, near $695, showing a clear imbalance.\u00a0<\/span><\/p>\n

This pattern indicated that sellers have been forced out as price moves higher, contributing to upward acceleration.\u00a0<\/span><\/p>\n

Additionally, repeated liquidation spikes across the timeline suggested that short traders have struggled to maintain positions during the rally.\u00a0<\/span><\/p>\n

This dynamic often amplifies price moves, as forced exits add to buying pressure. As a result, MemeCore\u2019s recent advance appears partly driven by this squeeze effect.<\/span><\/p>\n

\"\"<\/a>
Source: CoinGlass<\/figcaption><\/figure>\n

MemeCore shows a strengthening structure supported by breakout behavior, rising derivatives conviction, and sustained short liquidations.\u00a0<\/span><\/p>\n

Price holds above compression levels while indicators continue improving steadily.\u00a0<\/span><\/p>\n

As long as this alignment persists, MemeCore appears positioned for continuation rather than reversal, with the $1.85 resistance acting as the immediate trigger for a broader upward expansion toward higher targets.<\/span><\/p>\n

\n

Final Summary\u00a0<\/b><\/h2>\n
    \n
  • Strong alignment between price action, derivatives conviction, and liquidations suggests MemeCore could continue trending upward.<\/span><\/em><\/li>\n
  • A failure to break resistance may trigger volatility as crowded long positioning increases downside risk in the short term.<\/span><\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    MemeCore surges as volume spikes and traders increase their long exposure.<\/p>\n","protected":false},"author":103,"featured_media":580410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-580397","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nMemeCore jumps 18% as traders turn bullish: Is a breakout toward $2 next? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"MemeCore has rallied over 18% in the last 24 hours, pushing price toward $1.74 as trading activity expands rapidly across spot markets.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/memecore-jumps-18-as-traders-turn-bullish-is-a-breakout-toward-2-next\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MemeCore jumps 18% as traders turn bullish: Is a breakout toward $2 next? 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