Foreign media analysis suggests that MemeCore (M) has rebounded rapidly after a sharp drop, with its price returning above $1.30. The article argues that short-term sentiment has clearly improved, but whether this upward trend can continue depends on whether the price can hold support and break through the concentrated selling pressure zone above.

Prices return to previous trading range

MemeCore had previously fallen from nearly $2.70 to around $0.50, accompanied by concentrated stop-loss orders and leveraged position liquidation. The price then entered a high-volume support zone between $0.60 and $0.80, where a buying back in droves propelled the token to a rapid rebound.

The article points out that the price has climbed back above $1.30, which means that a previous important liquidity range has been recovered, short-term selling pressure has eased, and market sentiment has become more stable than before.

Funding rates turn positive

During the sharp decline, funding rates briefly turned deeply negative, reflecting a significant increase in short positions betting on further declines. As prices rebounded from their lows, funding rates returned to positive territory, indicating that some short positions were passively covered, which was one of the key driving factors behind this rebound.

Meanwhile, open interest fell from nearly $80 million to about $20 million, indicating that previously accumulated high-leverage positions have been significantly cleared. The article argues that this reset helps restore the market structure, but the current open interest is still significantly lower than previous highs.

• The funding rate turned positive, reflecting an increase in short covering.
• Open interest decreased from approximately $80 million to $20 million.
• The current structure is lighter than before, but the risk of volatility has not completely subsided.

$1.40 to $1.50 forms a resistance zone

The article argues that the most immediate range to watch is $1.40 to $1.50. This area is considered a major short-term resistance zone, and if selling pressure re-emerges, the rebound may slow down.

If the price continues to hold above the $1.25-$1.30 support level and breaks through $1.40-$1.50, the market may continue to target the psychological level of $2.00, or even test the previous low around $2.70. Conversely, if it falls back below $1.25, the price structure may weaken again.

• The short-term support zone is between $1.25 and $1.30.
• The main resistance zone is between $1.40 and $1.50.
• The $0.80 to $0.90 range remains a support zone for a deeper pullback.

Overall, this analysis defines this rebound as a recovery phase following a period of sharp deleveraging. If open interest continues to rise and funding rates remain relatively stable, the rebound will be more solid; however, if leverage rapidly re-accumulates, volatility could amplify again.