MemeCore's price has been on a wild ride lately, going from a sharp crash to one of the most impressive recoveries in the meme sector. The cryptocurrency is currently trading around $1.26 and is stuck inside a shrinking range that both the daily and 4-hour charts agree on.
The charts are signaling a potential breakout, but it's not clear which direction MemeCore will go. A break above $1.5015 on the 4H chart would likely trigger a fast move toward $2.6633, while losing $1.1532 support could lead to a slide toward $0.8668 and eventually $0.6441.
The liquidation numbers also tell an interesting story. Over the last 24 hours, $10.12K in MemeCore positions got wiped out, with longs taking the bigger hit at $8.06K against just $2.06K in shorts. However, the shorter windows show that shorts actually took slightly more damage in the last 4 hours and hour.
BingX leads MemeCore futures volume by a wide margin at $6.65M, followed by Binance at $3.28M and KuCoin at $2.73M. The market's confidence is crucial for MemeCore's price action, as it doesn't happen in isolation.