Core price dips amid rising selling pressure

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Core drops 10.45% today to $0.0302

Highlights

CORE/USD continues to trade in a medium- and long-term bearish trend despite a brief short-term rebound above the MA-20.
Momentum indicators overwhelmingly signal further downside pressure, with a strong sell bias and daily price action confirming a bearish breakout.
The pair is expected to remain in a $0.02 to $0.03 range over the next week, with an 80% probability of additional declines if sellers retain control.

Anton Kharitonov, expert at Traders Union, sees a clearly bearish setup for Core. He notes the token is stuck below both the MA-50 and MA-200, with downside risk dominating after a sharp 10.45% daily drop. Kharitonov highlights that key momentum indicators are on sell, while conflicting oscillators only add to market indecision. The lack of any positive news further undermines sentiment and buying enthusiasm. He warns, "Without a significant shift in broader sentiment or structure, CORE is likely to extend its decline in the short term."

Viktoras Karapetjanc, expert at Traders Union, emphasizes the constructive aspects within Core’s multi-timeframe structure. He believes the token maintains a foothold above its MA-20, offering a base for renewed demand despite short-term weakness. Karapetjanc sees the mixed oscillator readings and persistent volatility as hallmarks of an active market with emerging opportunities. While macro and news signals are muted, he views the current range as a staging ground before buyers attempt to reclaim control. He states, "Bullish setups remain possible as long as price holds above the $0.02 support — I expect new opportunities to arise if confidence returns."

Jainam Mehta, market strategist, views the recent volatility as both a risk and a tactical opportunity. Mehta notes that despite the prevailing downtrend, conflicting indicators like a positive Bull/Bear Power and overbought oscillators hint at possible swings. He suggests traders could watch for a failed downside move or abrupt reversal as a contrarian entry near $0.02. Mehta says, "A break below support could accelerate losses, but failed momentum at the lows may provide quick tactical setups for nimble traders."

Downside breakout confirmed as mixed momentum signals clash

Momentum signals on the daily chart point to continued downside, with both the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) calling for a strong sell. The Relative Strength Index (RSI) sits at 40.39 and is paired with an overbought Stochastic RSI, reflecting mixed short-term exhaustion signals. The Commodity Channel Index (CCI) indicates a slight buy, diverging from bearish momentum. Bull/Bear Power (BBP) is positive at 0.0044, signaling that buyers retain some intraday control, but this occurs against a daily move lower to $0.0302, slipping 10.45% with a clear downside gap and price parked near session lows. Intraday volatility stands at 9.73%, and today’s tone reflects strong pressure after the open. This sharp sell-off and conflicting oscillator readings signal indecision, although momentum and price action both currently confirm the downside breakout.

Earlier, analysts noted that Core was entrenched in a broader bearish trend, with sellers maintaining control despite brief periods of short-term strength. The latest sharp drop and persistent downside momentum confirm this outlook, making sustained downside risk the key scenario for traders to monitor over the near term.

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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