The crypto market is showing renewed strength this Thursday, with MemeCore (M) leading a broad rebound, followed by sustained gains in Four (FORM) and a tentative recovery in Ethena (ENA). Shifting investor interest from top-tier coins toward select altcoins is fueling momentum, with technical indicators pointing to further upside potential if key resistance levels are breached.
MemeCore has extended its winning streak to six consecutive days, trading 36% higher at press time, trading at $1.37. The token remains firmly above the $1.00 psychological level and is challenging resistance at $1.37.A strong close above this level might lead the way to $1.47.
CoinGlass data shows a 43% surge in Open Interest over the past 24 hours to a record $99.4 million, while daily trading volume has exceeded $1 billion for three straight days. Momentum indicators, including an RSI at 77 and a bullish MACD setup, signal strong buying pressure.
Four, formerly known as BinaryX, is trading above $3.60 with over a 2% daily gain, marking its fourth consecutive day of advances. The GameFi token has staged a sharp V-shaped reversal after an 18% drop on Sunday. A push above $3.75 could erase those losses and set up a move toward $4.00. The RSI at 53 has crossed above its midpoint, and the MACD is converging toward a bullish crossover. However, failure to maintain momentum could see a retest of $3.42.
Ethena is down 5% today after a 6% rise the previous day, struggling to hold above $0.7000. A continued pullback could target $0.6911, while reclaiming $0.7533 might revive bullish sentiment and set sights on $0.8555. Open Interest has risen 8% to $1.43 billion, but declining volumes suggest cautious participation. The RSI at 56 is turning lower, hinting at weakening buying pressure.
While MemeCore and Four show strong technical setups, Ethena’s mixed signals highlight the uneven nature of the rebound. Sustained momentum will depend on breaking near-term resistance levels and maintaining elevated trading activity. For now, the market’s shift toward altcoins underscores growing appetite for higher-risk, higher-reward plays.
