MemeCore surged 11% in 24 hours after bouncing sharply from a rejection of the 20-day exponential moving average at $1.13. The move was accompanied by a 4% decline in trading volume to $3.79 million, indicating weaker market participation. Derivatives remain bullish: open interest rose 28% to $6.8 million in the initial analysis, with the final tally citing $7.3 million, while long positions account for 54% of leveraged exposure. The rally’s continuation will depend on whether speculative interest translates into sustained buying, as a price reversal could trigger liquidations of long positions and intensify selling pressure.
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