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MemeCore drops 14% as sellers dominate and leveraged traders exit positions rapidly.

Technical Signals
06 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

MemeCore's price fell sharply by 14.16% amid increased selling pressure, with trading volume rising 11.72% to $10.63 million, indicating active repositioning by traders. Open Interest dropped 18.06% to $83.22 million, showing leveraged traders rapidly exiting positions rather than betting on further volatility. The price is forming a descending triangle pattern with critical support near $2.72 and resistance around $3.40, suggesting increasing pressure on support levels. Key liquidity zones between $3.10-$3.25 and $2.75-$2.80 could trigger volatility, with buyers needing to overcome strong resistance to regain momentum.

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