After a rough January, Memecore [M] surged over 15% on the 6th of February 2026. At press time, the price jumped from $1.37 to $1.60 in just 24 hours, attempting to break through a symmetrical triangle.
The Open Interest (OI) also rose alongside volume, and price confirmed that the bulls were in control. The breakout, following a period of consolidation, marked the end of the bear trend.
The MACD bullish cross confirmed the shift, and the market rallied behind MemeCore. But what fueled this rally or reversal?
Short liquidations add fuel to MemeCore’s rally
A key ingredient in MemeCore’s rally was the liquidations. Bears who thought they could cash in on a breakdown were caught off guard, and they paid the price.
Short liquidations, an all-too-familiar catalyst in crypto, fueled the fire.
With each liquidation, the buying pressure surged, pushing the price even higher. These forced exits meant bears were trapped, and bulls took full advantage, pressing the market higher.
It was the perfect storm for the bears, and they weren’t ready for it.
Increased market confidence in M
MemeCore [M] wasn’t just catching short sellers off guard; it was building momentum. OI, a key indicator of market confidence, rose alongside both increasing volume and a rising price.
This combination proved that the bulls were in control, with more traders confident in backing the upward movement. The growing participation showed that this wasn’t just a temporary surge – there was genuine belief in MemeCore’s potential. The bulls were out in full force, and the market was following their lead.
M secures top 10 spot on Binance Alpha Spotlight
Securing a spot in the Top 10 Binance Alpha Spotlight Coins by market cap was another win for MemeCore. Binance Alpha highlights promising projects that could potentially be listed on the platform.
For M, this recognition wasn’t just a badge of honor – it was an endorsement. Being part of this exclusive list meant more visibility, more market awareness, and potentially more investor confidence. MemeCore was officially on the map, and its rise was just beginning.
$2.5 marks next key target
With the rally in full swing, attention has now turned to the $2.5 level. If MemeCore manages to break through this resistance, there could be significant upside potential. The $2.5 level is a crucial barrier.
After breaking the upper line of the symmetrical triangle, it will need to clear the smaller resistance at $1.7 on the lower timeframes before challenging the major resistance.
While the path to $2.5 is still open, the next step hinges on MemeCore continuing to liquidate short positions and sustaining market confidence. The key question remains: can the bulls maintain their momentum?
Final Thoughts
- MemeCore’s 15% rise signals a strong reversal and potential for continued upward movement.
- Short liquidations and rising OI suggest the rally has more room to run, with $2.5 as the next key target.
