MemeCore experienced a significant rebound, climbing 25% to $3.3 after hitting a local high of $3.6 on May 5. This surge follows a downtrend that saw the altcoin drop to $2.5. The memecoin's trading volume increased by 34%, exceeding $50 million, while its market cap rose to $4 billion, indicating heightened market activity. The rebound was driven by speculative demand, with MemeCore's Open Interest rising 31% to $114.9 million and Derivatives Volume jumping 174% to $182.9 million. Futures Netflow surged 218% to $3.34 million, reflecting increased market participation. Despite the upward momentum, the market remains structurally bearish, with sellers still active, suggesting potential for a pullback towards $2.6.