MemeCore(M) Price Prediction: A single-day big dump of 27% nearing a key support level, is the selling pressure intensifying or is it a pullback accumulating strength?

After the big pump, fatigue is evident, MemeCore(M) has reached a key support level After rising over 107% in the past 7 days, MemeCore (M) experienced a significant drop on July 15, falling 27% within 24 hours, bringing the price to the key support area of $0.39. According to TradingView data, M has closed near this range for four consecutive 4-hour candlesticks. Despite multiple rebounds during the day, the bulls have not been able to regain control.

There is a lack of obvious support below the current range. If it falls below, it may trigger a deeper pullback, unless spot buying can intervene strongly.

Market data shows that M is temporarily priced at $0.4019, with a 24-hour decline of 3.8%.

Derivatives Market: Surge in Liquidations but Bullish Sentiment Remains The significant drop has triggered a large number of long positions to be liquidated. In the past 24 hours, the M-related contract market has liquidated over $912,800 in long positions, indicating a concentration of stop-losses among high-leverage speculators.

Nevertheless, data from CoinGlass indicates that in the past 72 hours, MemeCore had a net inflow of funds of up to $564,000 on centralized exchanges, reflecting that retail and whale users continued to buy during the decline, showing a certain level of market confidence.

In addition, MemeCore's Long/Short Ratio has consistently remained above 1.0, indicating that most derivatives traders are still betting on an upward trend. Coinalyze data shows that the current funding rate for MemeCore is positive (0.0094), suggesting that long positions are paying a premium to maintain their positions, and the overall market still leans towards bullish.

Technical indicators weaken, selling pressure intensifies signals emerge Although the market remains bullish in terms of funding, multiple technical indicators show signals in different directions.

The A/D line (Accumulation/Distribution) and CMF (Chaikin Money Flow) are both in a downward trend, indicating a bearish divergence in the market. In the past 24 hours, the A/D line has shown that over 32 million M tokens have been sold by large wallet addresses, suggesting a significant outflow of chips.

The current CMF reading is -0.34, remaining in the negative zone, indicating that net capital outflow is greater than inflow, and selling pressure is gradually intensifying.

MemeCore Market Outlook: Rebound or Deep Decline? From the current market performance, MemeCore is at a crossroads. On one hand, capital inflows, bullish sentiment, and positive funding rates provide potential for a rebound after a price correction; on the other hand, technical indicators are signaling significant downside risk.

If both the spot and derivatives markets turn bearish, it cannot be ruled out that MemeCore will face a deeper round of decline. However, if the current pullback is merely a technical correction and is accompanied by a recovery in market sentiment, a bullish trend may return.

Key Observation Points:

• support level:$0.39
• Support extends below: $0.36-$0.33 range
• Resistance level: $0.44, $0.48
• Market focus: whether spot buying increases, changes in funding rates, and signals of a reversal in the long-short ratio.

As one of the most outstanding Meme coins on the Solana chain recently, MemeCore's upcoming trend will have a demonstrative effect on the entire Meme sector. Investors need to closely monitor changes in technical levels and on-chain capital flow. Whether it will become the barometer for the next wave of the Meme market is currently a moment for verification.