MemeCore [M] has experienced a significant 30% decline as short bets totaling $11.1 million entered the market, according to CoinGlass data. This influx of bearish positions has turned the OI-Weighted Funding Rate negative at -0.4946%, indicating strong bearish sentiment. Despite the cryptocurrency entering a key demand zone and investor optimism rising to 64%, technical indicators such as the Parabolic SAR suggest continued downward pressure. This could potentially drive MemeCore's price towards the $1 mark, highlighting the ongoing volatility in the market.