MemeCore big pump 24% confirms breakthrough of key resistance! Elliott wave indicates third wave initiation, $0.77 target in sight | M price prediction

The MemeCore ( $MEME), which had been silent for several weeks, suddenly erupted, soaring 24.14% in a single day, strongly breaking through the upper edge of the key fluctuation range. The technical pattern confirms a bullish Elliott Wave structure, and it is currently challenging the $0.62 core resistance level. If the breakthrough is successful or if it makes a healthy pullback to the $0.52 support, the next target will be the $0.77 Fibonacci extension level. The volume indicates high market participation, but caution is needed for short-term pullback risks.

Key Technical Levels Overview

• Long-term support confirmation: $0.32 (value zone low point, successfully retested multiple times)
• Current Key Resistance: $0.62 (Value Area High + Fibonacci Pivot Level)
• Next bullish target: $0.77 (Fibonacci extension target after the breakout structure is established)

Breakthrough Logic and Wave Structure Analysis

1. Solid Bottom Formation: MemeCore has experienced multiple successful retests at the $0.32 long-term support, forming a solid bottom. This price level serves as the "value area low" (Value Area Low), continuously attracting buyers to enter.
2. Control Point Recovery Triggers Rise: After the price successfully recovers the "Control Point" (Point of Control, POC), it triggers a strong Impulsive Move(, aiming directly at the $0.62 resistance zone.
3. Elliott Wave Guidance: The current structure conforms to the five-wave rise pattern:
   • Currently in the most explosive third wave (24% rise aligns with this characteristic).
   • If the $0.62 resistance zone triggers a pullback, it may enter the fourth wave adjustment, with the ideal support at $0.52 (symmetric to the second wave pullback at a 1:1 ratio).
   • After stabilizing at $0.52, it is expected to initiate the fifth wave upward, targeting the $0.77 Fibonacci extension zone (based on the trend projection of the initial wave pattern, which is a high probability target area).

) Bull-Bear Battle Focus: $0.62 Tug of War

• Resistance zone composition: $0.62 converges Value Area High ### and key Fibonacci technical level, forming strong resistance.
• Bullish Scenario:
  • Direct Breakthrough: If the price stably stands above $0.62, it confirms the continuation of the third wave, with a short-term target of $0.77.
  • Pullback and Attack Again: If it encounters resistance and pulls back to the $0.52 support and stabilizes, it will build the bottom of the fourth wave, accumulating momentum for the fifth wave's rise.
• Bearish Alert: Only if the support at $0.52 is lost (potential fourth wave bottom) could the current bullish structure be disrupted.

( Volume validation and future market analysis

• Volume Coordination: This round of rise is accompanied by significant volume, confirming that the upward trend is driven by real buying interest, with high market participation.
• Short-term path:
  • Script One (Strong): Volume breakout at $0.62 → Quick short-term rise to $0.77.
  • Script Two (Health Adjustment): $0.62 encounters resistance → pulls back to $0.52 support for accumulation → after stabilizing, restarts the upward momentum to challenge $0.77.
• Core Discipline: As long as the $0.52 support is effective, the overall structure remains bullish. Investors should closely monitor the $0.62 breakout results and potential pullback strength.

Conclusion: MemeCore has broken the deadlock with a 24% single-day rise, and the technical indicators show classic Elliott Wave drive characteristics. The outcome of the battle at the $0.62 resistance level will determine the short-term direction—strong breakout will open up upward space to $0.77, while a healthy pullback to $0.52 is also a benign consolidation. Traders should respond flexibly in conjunction with volume changes, strictly maintaining the $0.52 bullish-bearish watershed. If the wave structure is fully realized, MemeCore is expected to become the leading benchmark in the Meme sector. The current market highlights the high volatility characteristics of small-cap coins, requiring effective risk management.