Futures Traders Bet Against MemeCore Rally Despite 14% Price Surge

The crypto market has extended its decline for another day, weighing on investor sentiment. Despite this, M, the native coin of MemeCore, the first Layer 1 blockchain for meme assets, has emerged as today’s standout gainer, noting 14% gains. However, on-chain and technical readings suggest that the momentum may not be sustainable. M’s Price Surge Meets Heavy Shorts Readings from M’s daily chart paint a concerning picture source: https://beincrypto.com/m-price-defies-market-risks-ahead/