MemeCore price just pulled off one of those blink-and-you-miss-it moves. A brutal 65% intraday surge sent the token flying from $1.70 to $2.80 only to slam straight into a historical supply zone and retrace just as aggressively. Now sitting around $2.01, the market’s cooling off, trying to decide whether that rally was genius… or just another overcooked spike. And honestly? It might be a bit of both.
Well, this surge timing wasn’t random. Infact two big news are responsible for surges as on March 25, the MemeCore Hardfork went live, bringing a “stable” upgrade alongside account abstraction features aimed at cheaper and smarter transactions. That alone was enough to get attention.
But then came the accelerant. A new perpetual listing with up to 50x leverage dropped, paired with trading incentives running through April 2. Suddenly, traders had both narrative and leverage.
If you’re wondering whether traders actually showed up then data on Coinglass shows they did.
Derivatives volume surged to $350.20 million, while open interest jumped to $73.22 million, effectively doubling from the previous day. That’s not quiet accumulation that’s aggressive positioning.
And the liquidations? Brutal. Total liquidations hit $2.62 million, with short positions taking the bigger hit at $1.71 million. Longs weren’t spared either, with $916.04K wiped out. Classic squeeze behavior first shorts get punished, then late longs feel the heat.
Now comes the part that actually matters to traders. Yes, we talk price now, it has pulled back aimed towards the $1.80–$1.90 zone, and this is where things get interesting. If this range holds, it could act as a solid base for another push higher. Liquidity builds, confidence returns, and suddenly $3.00 doesn’t look so far away.
But let’s not get ahead of ourselves. If that support cracks? The bullish narrative takes a hit fast. The next meaningful downside sits much lower, around $1.20–$1.30. That’s not a dip; that’s a reset.
So, here onwards traders are now watching for one thing which is a clean, convincing bounce. Not a weak drift, not a fake-out. A real reaction.
Because right now, MemeCore price analysis shows that it is stuck in that awkward phase where hype meets reality. The tech upgrade is live, derivatives activity is booming, and volatility is doing what volatility does best is shaking out both sides.
If support holds, this could be the early stage of something bigger. If it doesn’t… well, we’ve seen how these stories usually end.
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