MemeCore jumps 24% as bullish wave targets $0.77

MemeCore has surged by 24.14%, decisively breaking above a long-standing resistance zone and signaling the start of a strong bullish phase. The move confirms a well-defined Elliott Wave impulse pattern, and provided key levels remain intact, further gains could be on the horizon.

After a prolonged period of sideways movement, the cryptocurrency has now carved out a meaningful breakout with high momentum, backed by both structural and volume-based confirmations. Traders and analysts alike are watching closely to see if the rally extends or pauses for a healthy correction before continuing higher.

Strong Foundation Sets the Stage for Breakout

MemeCore’s recent rally was built on a solid support base around the $0.32 level, a region that had been tested multiple times over a high time frame. This support coincided with the value area low on the volume profile, suggesting consistent buyer activity and accumulation at that level. Once the point of control was reclaimed, it triggered a sharp bullish impulse, setting the tone for what followed.

The price action rapidly pushed toward the $0.62 zone, a key resistance area that overlaps with both the value area high and a notable Fibonacci retracement level. This convergence adds weight to the importance of the level, making it a decisive point in determining MemeCore’s near-term direction.

Elliott Wave Structure Suggests More Upside Potential

The breakout appears to follow a classic five-wave Elliott Wave impulse structure. Based on the current trajectory, MemeCore is likely in the third wave—a wave historically known for its strength and velocity. The 24% rally supports this interpretation, showing the characteristics of Wave 3, which is typically the most powerful in the sequence.

If the current price fails to sustain a break above $0.62, a temporary retracement could unfold, likely forming Wave 4 of the pattern. In that case, the $0.52 level would serve as a key support zone. This area aligns with a 1:1 corrective projection relative to the previous Wave 2 and sits within the broader bullish structure.

Should price hold above $0.52 during any pullback, it would open the door for Wave 5 to complete the impulse, potentially targeting the $0.77 region. This level is derived from Fibonacci trend-based extension measurements taken from the initial wave of the breakout.

Technical Outlook: Bullish Continuation or Brief Correction?

Volume remains strong and consistent, adding credibility to the recent price action. A clean breakout above the $0.62 resistance would invalidate the short-term corrective scenario and support the idea that Wave 3 is still unfolding—potentially driving the price toward the $0.77 extension zone with minimal pause.

On the other hand, if resistance at $0.62 proves too strong for now, a pullback toward $0.52 would likely be viewed as a healthy correction within the broader uptrend. As long as this support holds, the overall bullish structure remains valid.

Conclusion: What Comes Next for MemeCore?

MemeCore’s breakout above range highs has reawakened bullish sentiment, with technical indicators aligning for a potential continuation of its Elliott Wave structure. The key levels to watch are $0.62 on the upside and $0.52 on any potential retracement. A sustained move above resistance would likely accelerate the current rally toward $0.77, while a short-term correction could offer a fresh entry point for trend-following traders.

Whether through a direct continuation or a measured pullback, MemeCore’s market structure remains firmly bullish—for now.