According to the external analysis, MemeCore(M) recovered rapidly after a sharp fall, and the price has returned to above US$ 1.30. According to the article, short-line emotions were clearly repaired more than before, but the continuation of the round ' s increase would depend on whether the price was sustained and beyond the upper central discharge zone.

The price goes back to the previous trade.

MemeCore had previously suffered from a decline of approximately US$ 0.50 from close to US$ 2.70, which was accompanied by suspension of damage and the release of leverage. The price then entered a high-value support area of between $0.60 and $0.80 to drive a rapid rebound of the tokens after the buyback.

According to the article, the re-entry of the price to US$ 1.30 meant that an important prior period of liquidity had been recovered, short-term sales pressure eased and market sentiment stabilized.

Change in funding rates

At one point, the financial rate was turned into a deep negative, reflecting a marked increase in the empty silos, where market bets continued to decline. As prices rebounded from low levels, the financial rate was reversed to reflect the passive retrenchment of some of the empty silos, which is also one of the important driving forces behind the rebound.

At the same time, the unsettled contract fell from close to $8.0 million to approximately $20 million, indicating that the previously accumulated high leverage position had been substantially cleared. According to the article, this replacement has contributed to the recovery of the market structure, but the size of the current unsettled contract is still significantly lower than it was before.

  • The fund rate is positive from negative, reflecting a back-to-back increase
  • Unsettled contracts decreased from approximately 8 million to $20 million
  • The current structure is lighter than in the previous period, but the risk of volatility is not fully abated

1.40 to $1.50 as resistance And...

According to the article, the next most direct observation is between US$ 1.40 and US$ 1.50. The region is considered to be the main resistance band of the short-line, and the rebound may slow if the sale is re-centralized.

If the price continues to hold steady from US$ 1.25 to US$ 1.30 and further breaks from US$ 1.40 to US$ 1.50, the market may continue to look at the US$ 2.00 psychological level and even test the region where the previous decline of about US$ 2.70 started. On the contrary, if the price structure is again weakened by a fall of $1.25.

  • 1.25 to $1.30 is a short-line support area
  • 1.40 to $1.50 is the main resistance area
  • 0.80 to 0.90 dollars is still the deeper backsliding support. And...

Overall, this analysis defines the round as the recovery phase after the severe deleveraging. The rebound base would be more stable if the unsettled contract continued to rise and the funding rate remained relatively stable; if leverage was re-emerged quickly, fluctuations could be magnified again.