M climbs over 14% after buyback announcement fuels sharp rebound

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MemeCore surges 14.39% today on buyback

Highlights

MemeCore Foundation launched a $10 million treasury-backed buyback and implemented security upgrades to stabilize the asset after its late June collapse.
MemeCore rebounded and entered consolidation, with long-term outlook hinging on sustained network and developer ecosystem growth.
Technicals remain bearish as M/USD trades below key moving averages, with an 80%+ probability of downside and a forecast range of $1.1422–$2.0213 in the next 5 days.

Token buyback and security upgrades drive rebound amid weakened confidence

The MemeCore Foundation announced a $10 million treasury-backed buyback in response to the asset's sharp collapse in late June 2026. Security updates were also introduced following the event to help support ecosystem stability. MemeCore experienced a substantial rebound and began consolidating, with its long-term prospects depending on continued network growth and developer activity.

Anton Kharitonov, expert at Traders Union, sees the MemeCore rebound as fragile despite the buyback’s headline boost. He notes the token remains entrenched in a bearish structure, with sellers dominating every timeframe. Weak technicals, persistent sell signals, and only intraday inflows support price action. Recent security updates do little to shift the longer-term bear case. "Until M/USD clears major resistance and sustained confidence returns, this is a market for defensive positioning, not aggressive buying," Kharitonov warns.

Viktoras Karapetjanc, expert at Traders Union, highlights the Foundation’s decisive $10 million buyback and quick security updates as a turning point. He believes this intervention lays groundwork for continued network growth and bullish sentiment. Karapetjanc sees resiliency in the rebound and expects further setups as developer activity strengthens. "With the buyback signaling institutional support and increased commitment, I see the market positioning for renewed upside once momentum rebuilds," he states.

Parshwa Turakhiya, analyst, views M/USD as driven by mixed sentiment and short-term opportunity. He notes the strong intraday rally, yet recognizes overbought signals and volatility remain elevated. Turakhiya points to sideways price action likely dominating unless a clear breakout develops. "Traders should watch for momentum fades near resistance or a sudden flush, as both scenarios are still in play," he says.

Seller dominance and mixed momentum as key levels cap recovery

M/USD trades below its 20-day, 50-day, and 200-day moving averages ($1.7133, $2.5065, and $2.2168 respectively), indicating that sellers remain in control across short-, medium-, and long-term horizons. The prevailing structure stays bearish, with immediate levels to watch at the near-term ceiling of $1.45 and floor of $1.3142, while the distant moving averages and the Ichimoku Kijun at $1.8623 continue to confirm the medium-term downtrend. Momentum dynamics are mixed: the Moving Average Convergence Divergence (MACD) is on a strong sell signal and the Average Directional Index (ADX) also points to selling pressure. The Relative Strength Index (RSI) signals a sell, hovering below neutral, and the Commodity Channel Index (CCI) remains neutral, but the Stochastic RSI is in overbought territory near 91. Bull/Bear Power (BBP) is positive at 0.1301, indicating buyers are dominating intraday flows, even with overbought readings in the oscillators. Intraday, the pair is up $0.1796 or 14.39% with an upside opening gap of about $0.066 (5.29%), currently trading near the session high. Volatility is elevated at 10.33%, with price demonstrating strong upward momentum toward highs despite conflicting signals from momentum and overbought oscillators.

Earlier, analysts noted that MemeCore’s earlier rebounds did little to alter its broader bearish momentum, as the token remained under persistent selling pressure amid weak sentiment. The current article adds a significant new dimension with the Foundation’s buyback program, suggesting that while short-term stabilization is possible, traders should closely monitor whether this intervention leads to sustained recovery or merely delays further downside risk within the asset’s elevated volatility band.

Source of Data: M Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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