Memecore [M] Surges 15%, Eyes $2.5 Amid Short Squeeze and Binance Spotlight

Memecore [M] surged over 15% on February 6, 2026, breaking above the $1.60 mark after a difficult January. The rally was fueled by substantial short liquidations and a concurrent rise in open interest and trading volume, suggesting strong bullish conviction.

The cryptocurrency Memecore [M] experienced a notable rally, surging over 15% on February 6, 2026. Its price jumped from $1.37 to $1.60 within 24 hours, attempting a breakout from a symmetrical triangle pattern. The breakout confirmed the end of a bear trend and signaled that bulls had taken control of the market.

This significant price movement was partly driven by extensive short liquidations throughout the day. The forced exits of bearish positions added substantial buying pressure, fueling the upward momentum and trapping pessimistic traders. Data from CoinGlass highlights the liquidation activity that coincided with the rally.

Market confidence appeared to strengthen alongside the price surge. Metrics show open interest rose along with increasing volume and price, a combination indicating genuine market participation and conviction in the upward movement. This growing investor backing suggested the rally was supported by more than just a temporary squeeze.

Further bolstering its profile, Memecore secured a spot in the Top 10 of the Binance Alpha Spotlight Coins by market cap. This list highlights promising projects for potential future listings, providing increased visibility and market endorsement for the asset.

Attention has now shifted to the $1.70 and $2.50 price levels as the next key resistance targets for the cryptocurrency. The path forward appears contingent on the continuation of liquidations and sustained market confidence. The coming days will reveal if the bulls can maintain their current momentum.