MemeCore Rallies 15.7% to $1.75 After Lagging Market
MemeCore (M) reversed its recent downtrend with a significant rally on Tuesday, March 17, jumping 15.69% in 24 hours to a price of approximately $1.75. The move marks a sharp turnaround for the token, which had previously shown signs of weakness relative to the market. On the preceding day, MemeCore was listed among the top crypto losers with a 2.55% decline to $1.46.
This price appreciation follows a prolonged struggle below key technical levels. For weeks leading into the rally, the token was unable to break past a mid-range resistance at $1.57, a level that has capped bullish attempts since mid-February. The sudden burst of buying pressure has now positioned it against a more formidable barrier.
$1.80 Resistance Looms as Memecoin Sector Diverges
The immediate challenge for MemeCore is the $1.80 resistance zone, a technically significant level that will likely determine the sustainability of the current rally. A failure to push past this price could prompt momentum traders to take profits, potentially leading to a sharp correction.
This event highlights a growing divergence within the memecoin sector. While some tokens like PEPE and BONK have recently posted strong gains as part of a speculative "barbell strategy" by investors, MemeCore had been underperforming until this spike. The rally puts the token back on traders' radars, but it occurs while the broader market remains cautious. The Crypto Fear & Greed Index sits at 23, indicating "Extreme Fear," suggesting that underlying investor confidence is still fragile despite pockets of strong performance.
Edgen Crypto·Mar 17 2026, 10:53
