Core is rising today: what traders are watching (January 2)

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Core Surges 11.21% Today to $0.12

Highlights

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Anton Kharitonov, expert at Traders Union, observes that CORE stays below all major moving averages, signaling evident weakness. He notes the intraday rebound lacks strong momentum support, as confirmed by a cluster of negative technical signals. Neither trend nor sentiment shows constructive drivers, and the absence of supportive news worsens the technical setup. Kharitonov is skeptical that any short-term gains can be sustained in the face of these pressures. "I see no indication that buyers have real control — the technical landscape remains decisively bearish for now."

Viktoras Karapetjanc, expert at Traders Union, acknowledges recent downside pressure but maintains a forward-looking view. He sees the defined support at $0.11 as a potential base for future accumulation. While negative momentum dominates, he believes sideways action creates possible setup opportunities if resistance zones break. Karapetjanc stresses that market participants should watch for a bullish structure forming above the Ichimoku Kijun. "As volatility normalizes, I expect the market to offer attractive entry points for agile traders willing to anticipate a reversal scenario."

Bearish momentum persists despite intraday recovery attempt

Momentum signals are mixed. Daily MACD and ADX indicate weak, negative momentum, while oscillators show lingering oversold conditions, with RSI at 38.7, Stoch RSI deep in oversold territory, and CCI below zero. BBP confirms sellers are dominating the session, reinforcing a short-term bearish setup, and the Awesome Oscillator also supports a downward bias. Despite a strong move near session highs and an 11.21% recovery from the previous close, indicators suggest this intraday rally may not be supported by broader momentum.

Previously it was reported that Core (CORE) remained under strong bearish pressure across all timeframes, with the price holding below key moving averages and negative momentum indicators such as MACD, ADX, and RSI reinforcing the downtrend. Technical signals pointed to selling exhaustion risk as the asset traded near the lower end of a narrow intraday range, while the probability of upside was deemed low and further consolidation was anticipated within the projected trading bandwidth.

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

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