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MemeCore bucks altcoin downtrend, holding above $3 despite market weakness

Technical Signals
02 Jun 2026
AMBCrypto
View Source
Bullish
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The altcoin market cap dropped 9% from $1.07 trillion to $974.24 billion in just over three weeks, influenced by Bitcoin's weakness. While most Layer 1 tokens and memecoins struggled, MemeCore (M) maintained its bullish trend since March, recently breaking a descending resistance line and testing $3.4 resistance. Despite muted trading volume and no strong on-balance volume surge, MemeCore's price staying above $3 signals resilience, though a drop below $2.53-$2.55 could shift momentum to bears. The $3 level is expected to act as support in the near term.

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