#memecore's native token m

The post Can MemeCore clear $1.28 resistance? THIS setup hints at… appeared on BitcoinEthereumNews.com. MemeCore’s native token M has extended its decline over the past 24 hours, losing roughly 11% even as the memecoin-focused blockchain retained a 111% gain over the past seven days. On the surface, that pullback erases only about a tenth of M’s accumulated gains and reads as a routine corrective phase. The underlying data tells a different story, with sellers gaining ground across the market in a way that could drag the asset lower from current levels. Is selling pressure getting stronger? Capital is contracting across MemeCore’s markets, with the gap between spot and perpetual traders narrowing as fresh flows move into the derivatives side. Spot Netflow data showed buyers absorbed roughly $790,000 worth of M, while sellers offloaded about $743,000, leaving a slim net inflow of around $56,000. That balance tilts toward buyers, yet the edge is too thin to spark a decisive rally, and th