MemeCore and Merlin Chain Lead Weekly Altcoin Rebound as Majors Hold Steady

This week’s crypto market showed a clear split: Bitcoin and Ethereum remained steady while select altcoins staged notable rebounds. MemeCore (M) led gainers with a 42% weekly rise after recovering from a prior 60% drawdown and printing its first green weekly candle in four weeks; weekly RSI near 60 and clearing resistance at $1.90–$2.00 would signal further upside. Merlin Chain (MERL) rose about 33% after an eight-week consolidation, with $0.50 the key continuation level toward $0.60. Zcash (ZEC) gained double digits, bouncing from support near $20 with RSI around 55; traders should wait for consolidation before targeting the $70 area. Major losers included Story (IP) (-10%), extending seven consecutive weekly losses and risking a drop toward $1, Jupiter (JUP) (-9%) which failed to flip $0.25 into support and faces Solana-ecosystem liquidity risks, and The Graph (GRT) (-9%) though it shows some accumulation. Other small-cap tokens saw severe declines (LGTC, OKZOO, PIEVERSE). Key trading signals: monitor weekly RSI and volume spikes, on-chain holder growth/accumulation, and critical resistance/support levels (M: $1.90–$2.00, MERL: $0.50, ZEC: consolidation before $70, JUP: $0.20–$0.25). Momentum-driven breakouts and short squeezes present quick opportunities, but many altcoins remain in weak structures; maintain strict risk management and size positions for volatility.