MemeCore rebound stuns traders as M token claws back from 82% crash

MemeCore has climbed more than 90% over the past seven days, with the token holding above $1.30 as traders assess whether its recovery can extend further.

According to data from CoinGecko, MemeCore M rose from below $0.70 to an intraday high near $1.79 during the past week before easing to around $1.39, leaving the token up roughly 91% over seven days despite recent profit-taking.

The rebound followed one of the sharpest declines in the token's history.

After crashing more than 80% from above $2.80 to about $0.51 in late June, MemeCore came under intense selling pressure as speculation spread across the market over possible insider activity and project-related risks.

Confidence began returning after the MemeCore development team launched a series of public security updates addressing those concerns. 

The developers said the Layer-1 network itself had not been compromised and instead blamed the disruption on coordinated phishing campaigns, fake airdrop websites and a fraudulent token using the MemeCore name on another blockchain. 

The team also urged users to interact only with official channels while distinguishing the genuine network from copycat projects.

Those clarifications gradually eased uncertainty surrounding the project. 

By publicly documenting the difference between the official blockchain and malicious impersonators, the developers convinced many traders that the security issues were external rather than problems within the network itself, helping restore confidence among investors who had stayed on the sidelines following the collapse.

Another catalyst came in the form of a treasury buyback program announced by the MemeCore Foundation.

The team stated that the ecosystem faced no core infrastructure or protocol failures during the 82% crash. 

To support the ecosystem, they authorised the $400 million (approx. Rs 111.8 billion) buyback.

As such, the recovery accelerated as buying returned to spot markets.

At the same time, traders who had bet on further downside were caught off guard once the token began reclaiming key price levels. 

Breaking above resistance around $0.80 before moving through the $1.20 area forced many leveraged short positions to close over the past 24 hours, adding fresh buying pressure that pushed MemeCore to its weekly high near $1.79.

Source: Coinglass.

Although early buyers locked in profits close to that high, selling has so far failed to drive the token back toward its June lows. 

Instead, price action has continued to form higher lows, suggesting demand has remained active even after the strongest part of the rally cooled.

M price analysis

The 4-hour chart indicates that MemeCore has entered a consolidation phase rather than a fresh downtrend.

M/USDT 4-hour price chart. Source: TradingView.

M is trading near $1.39, sitting almost directly on both the 20-period and 50-period exponential moving averages, which have flattened after supporting the recent rebound. 

This clustering often indicates that buyers and sellers are temporarily balanced while the market decides its next direction.

The next technical hurdle sits near the 100 EMA around $1.55, where recent rallies have repeatedly slowed. 

Above that, the 200 EMA near $1.98 remains the strongest long-term resistance left from the late-June breakdown. 

A sustained move above the 100 EMA would likely strengthen the recovery, while reclaiming the 200 EMA would signal that the market has absorbed much of the previous selling pressure.

Momentum indicators also point to a market that has cooled after the initial surge rather than one that has become overheated. 

The 4-hour Relative Strength Index (RSI) has recovered to around 53, returning to neutral territory after rebounding from deeply oversold conditions during the June sell-off. 

An RSI holding above 50 generally suggests buyers still retain a slight advantage, although it does not yet indicate strong bullish momentum.

The current chart structure presents a constructive picture as long as support around the 20 and 50 EMA cluster near $1.35 continues to hold. 

A successful break above $1.55 could encourage another attempt toward the recent high near $1.79, while failure to maintain the moving-average support may expose the token to a pullback toward the $1.20-$1.25 area where buyers previously stepped in.

For now, the recovery remains intact, although the next decisive move will likely depend on whether buyers can overcome overhead resistance instead of allowing consolidation to turn into another wave of selling.