Core price prediction: Will more downside follow? CORE falls 8.33%

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Core slides 8.33% to $0.11 today

Highlights

CORE trades at $0.11, below MA-20 ($0.1271), MA-50 ($0.1400), and MA-200 ($0.3600), confirming strong bearish momentum across all timeframes.
Daily momentum indicators remain negative, with MACD and ADX signaling continued selling; RSI at 37 and CCI at -81 show persistent bearishness, despite Stochastic RSI in oversold territory.
Projected trading band for the next 5 sessions is $0.09–$0.13, with less than 20% probability of upside and increased risk of further declines if $0.09 breaks.

Persistent downside bias as indicators signal selling exhaustion risk

Momentum indicators on the daily chart are decisively negative: MACD and ADX both signal continued selling pressure. RSI at 37 and CCI at -81 suggest the asset is in a bearish zone but not yet extremely oversold, while the Stochastic RSI is fully oversold, hinting at short-term exhaustion in selling. BBP indicates sellers dominating intraday momentum, and the Awesome Oscillator is neutral, providing no counter-trend support. The price dropped 8.33% today and remains near the lower bound of a very narrow intraday range, suggesting very low volatility and ongoing pressure after the open.

Limited rebound prospects as weak technicals cap recovery potential

For the next five sessions, the projected trading band is $0.09 to $0.13, representing a typical volatility band relative to current levels. The probability of a move higher is low (less than 20%), so continued decreases are much more likely, with consolidation expected between $0.09 and $0.13 amid persistent weakness. A breakout above $0.145 could signal a recovery, but there are few short-term catalysts for a bullish reversal. If support at $0.09 fails, further losses are possible given the alignment of daily and weekly technicals to the downside.

Viktoras Karapetjanc, expert at Traders Union, sees Core (CORE) locked in a persistent bearish trend across all timeframes. He notes that negative momentum and lack of recent news add to the downbeat sentiment, with traders showing little appetite for risk. The range between $0.09 and $0.13 remains key, and Karapetjanc cautions that a breakout above $0.145 is needed for a real recovery to start. "Current weakness offers little reason for optimism, but prudent investors can watch for early accumulation signs as we near strong support levels," he says.

Last time, analysts noted that Core (CORE) remains in a firmly bearish trend, trading well below all major moving averages with technical signals (MACD, ADX, and momentum oscillators) reinforcing sustained downside pressure despite oversold conditions. Resistance is established near $0.13–$0.1433, support is fragile near $0.10, and the asset is expected to remain volatile and under selling pressure within a $0.10–$0.13 range barring any significant bullish reversal.

Source of Data: CORE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.