MemeMax ecosystem token $M has experienced two distinct phases since the distribution benefits equivalent to $300 million were received at the end of last year — from the gradual realization of benefits to repeated consolidation at the ecosystem bottom.

From a technical perspective, $M currently shows a consolidation pattern with repeated oscillations at high levels. The price remains active within the $1.61-$1.69 range, with resistance above at the $1.68-$1.76 zone. If it can break through and stabilize above the $1.8 level, the upward potential may target the previous high near $2.96. This position is precisely the critical window to observe whether the ecosystem project can turn upward.