MemeCore hits $0.60 as RSI drops to 14.59, because sometimes charts just want to nap 😴

MemeCore [M] fell below its long-standing trading range on Tuesday after sellers pushed the token through the $1.25 support level that had previously attracted buyers. The token traded at $0.6002 at the time of writing, down 10.77% over 24 hours, while market capitalization declined 12.98% to $785.92 million. Trading activity moved in the opposite direction, with 24-hour volume rising 30.02% to $15.85 million as participants responded to the sharp decline. The breakdown extended losses to a multi-month low near the $0.60 region and left market structure considerably weaker.

Exchange flow data pointed to a modestly different picture during the sell-off. Inflows totaled $344.36K while outflows reached $364.79K, producing a negative netflow of approximately $20.43K. The gap indicated that slightly more tokens left exchanges than entered them during the observed period, suggesting some holders continued moving assets into private wallets rather than positioning them for immediate selling. The scale of those outflows remained limited and had not yet shifted broader sentiment, as price action continued to reflect sustained weakness.

Technical indicators confirmed the extent of the move. The Relative Strength Index dropped to 14.59 as of writing, placing MemeCore deep inside oversold territory after repeated rounds of selling pressure. Such readings often reflect exhaustion among sellers, though they do not guarantee an immediate reversal. The price chart showed that bearish control remained intact, with previous support now sitting well above the current market price.

The liquidation heatmap identified the closest concentration of leveraged positions between $0.64 and $0.66 following the latest decline, marking the first meaningful resistance zone if buyers attempted a rebound. Liquidity thinned noticeably beyond that band until higher price levels, indicating that any sustained recovery would require strong buying activity to absorb overhead supply. On the downside, liquidation pockets remained scattered rather than forming a single dominant target, leaving traders focused first on whether M could reclaim the nearby liquidity zone before considering a broader trend shift.