Memecore's Price Surge Liquidates $1.7 Million in Short Positions

Memecore experienced a significant price increase, trading at $2.20 following a rally on March 25. According to NS3.AI, this surge resulted in the liquidation of $1.7 million in short positions across five exchanges. The article suggests that bearish Chaikin Money Flow (CMF) divergence and repeated post-squeeze reversals indicate a potential near-term movement towards the $2.02 Fibonacci level.