Memecore [M] saw a 1.9% price bounce and was trading at $1.60, at the time of writing. Since hitting a low of $1.22 on 08 December, the memecoin has climbed by nearly 31% in six weeks. The Layer 1 blockchain has a perpetuals decentralized exchange, MemeMax, built on it.
Expectations associated with the perp DEX going live might fuel gains for M in the coming weeks. The 100% fee buyback program during the pre-launch phase that MemeMax has committed to can also fuel demand for M.
Assessing Memecore’s price trends
MemeMax’s MaxPack Airdrop Campaign has been extended till the DEX officially launches. A 400% hike in network transactions reflected strong community participation and necessitated the extension. At press time, the fee buyback program was still in effect too.
M prices saw a pullback after testing the $2-supply zone in mid-December. This pullback halted at the 61.8% Fibonacci retracement level plotted based on the rally from $0.36-$2.99 in August-September 2025.
So long as this key retracement level is held as support, M would continue to have a bullish higher timeframe bias. For now, swing traders can be cautiously bullishly inclined.
Warning for M traders
The trading volume has been relatively flat in recent weeks compared to the aforementioned rally. The DMI did not show a strong trend in progress at the time of writing, and the RSI stubbornly clung to the neutral 50 line.
The momentum indicator tried and failed to break the 60-level in December. If it had, it would have signaled strong upward momentum.
Traders’ call to action – Wait for these triggers
The lack of a decisive trend means that lower timeframe traders might get chopped out of a move. Swing traders have two triggers to buy M. A breakout past $2 would be one, and a retracement to the $1.35 demand zone would be another.
The latter scenario would imply the bulls would be weakened. A fall below $1.2 would invalidate the idea.
The volume trends were nothing to get excited about though. As it stands, a breakout past $2 is not guaranteed and it might be affected by Bitcoin’s [BTC] price action.
Final Thoughts
- M traders and investors can have long-term bullish expectations due to MemeMax’s pending launch.
- A breakout past $2 is needed to convince swing traders of a sustained rally.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.