Core price prediction: Can $0.0240 support hold as CORE drops 13.42%?

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Core drops 13.42% today to $0.0255

Highlights

CORE/USD is locked in a bearish trend, trading below key moving averages across multiple timeframes and facing persistent selling pressure.
Technical momentum indicators are heavily bearish with oversold signals, yet sellers retain dominance amid high intraday volatility and sharp price declines.
Price is projected to range between $0.0240 and $0.0282 over the next few days, with downside risk prevailing unless support at $0.0240 fails.

Sustained bearish momentum as key support and indicators align

On the hourly chart, CORE/USD trades below the MA-20 ($0.0278), MA-50 ($0.0289), and remains well beneath the longer-term MA-200 ($0.0823). The Ichimoku Kijun at $0.0283 presents immediate resistance. Bearish momentum persists with MACD remaining on a Sell, ADX registering neutral trend strength, and the AO confirming the prevailing downward bias. RSI sits at 34.93 (Sell), while both Stoch RSI and CCI show oversold conditions, indicating short-term downside exhaustion. BBP also flashes a Sell, signaling that sellers still dominate intraday trading.

Downside risk dominates as consolidation and breakout odds diverge

Over the next two to three trading days, CORE/USD is expected to range between $0.0240 and $0.0282. The probability of an upward breakout remains very low, while further downside presents a significant risk. Baseline expectations call for price consolidation within this volatility band. A bullish scenario would be triggered by a move above immediate resistance at $0.0283, while a bearish case is confirmed if price falls below $0.0240, targeting fresh lows.

Viktoras Karapetjanc, expert at Traders Union, sees CORE under pressure as technical signals show persistent bearish sentiment and no supportive news on the horizon. He believes price may consolidate in the short term, but the downside risks remain elevated unless key resistance levels are overtaken. The analyst notes oversold short-term indicators but sees little sign of sustained buyer interest yet. "Despite the negative momentum, I remain constructive: if CORE reclaims $0.0283, a recovery could quickly accelerate—so I’m watching for that breakout trigger."

Earlier, analysts noted that Core was entrenched in a bearish trend, with persistent downside momentum dominating the outlook. Ongoing technical weakness and deepening oversold conditions in the latest session reinforce this negative bias, making sustained downside risk and the $0.0240 support critical levels for traders to monitor closely.

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.