The post MemeCore’s rally continues – But is a short-term correction coming? appeared on BitcoinEthereumNews.com.

MemeCore [M] has pushed higher again, adding a sharp 20% gain over the last 24 hours. The move did not stall at the previous swing high. Instead, M broke above it and continued trending, which usually reflects strong underlying demand rather than a temporary spike. The bullish momentum, at least for now, is still intact. A breakout past the previous high confirms the buyers’ strength The recent breakout above the key swing high at $2.91 changed the market’s short-term structure. The breakout shows that buyers are not just reacting—they are actively chasing price. That kind of behavior often appears in strong trends, especially when momentum is accelerating. M’s Open Interest supports this view. The OI remained above $50 million as institutional participation was elevated at press time. In just 24 hours, the institutional demand surged by 19%, with the majority coming from Binance. This is not a thin move. It is backed by active positioning across the market. As long as this participation holds, the bullish structure remains valid. Source: Coinalyze The imbalance zone introduces a note of caution Despite the strength, the rally has left behind a clear imbalance zone between $2.85 and $3.54 as a result of the last four days of aggressive bullish run. These gaps tend to get revisited.  The imbalance creates a timing problem rather than a directional one. The trend is still up, but the market may need a reset before continuing. A pullback to fill that imbalance would not necessarily break structure—it could actually reinforce it. So the question is not if a retrace happens, but when. Source: TradingView Positioning and Funding Rate add context Market positioning is leaning heavily to one side. Short positions now account for roughly 70% of total exposure, which reflects strong bearish sentiment. But the magnitude of the…

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Filed under: News - @ April 18, 2026 3:12 pm