Core price dips amid rising selling pressure

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Core slips 10.14% today on heavy selling

Highlights

CORE/USD trades firmly below key moving averages, confirming a sustained bearish trend across all timeframes.
Momentum indicators broadly signal oversold conditions and persistent seller dominance, corroborated by strong downside price action and intraday volatility near 15%.
Price is expected to consolidate between $0.03 and $0.03 over the next five sessions, with under 20% probability of a sustained rebound unless resistance at $0.0361 is reclaimed.

Anton Kharitonov, expert at Traders Union, highlights that CORE remains under heavy bearish pressure across all technical benchmarks. He notes the inability of the asset to breach any major moving averages or dynamic resistance, pointing to a persistent seller-dominated backdrop. Kharitonov emphasizes that even momentum and oscillator readings cannot justify optimism as selling persists. The absence of supporting news flow further undermines sentiment and reduces the possibility of a near-term rebound. "Given the overwhelming lack of positive signals and continued technical weakness, I view CORE as an avoid for now — risks firmly outweigh potential rewards in this setup."

Viktoras Karapetjanc, expert at Traders Union, sees current challenges for CORE as a set-up for longer-term opportunities. He believes structural headwinds from broader market risk are likely pressuring sentiment, but notes the asset trades near oversold levels on several indicators. Karapetjanc points out that a decisive move above $0.0361 would reopen the path for recovery momentum. "With the market already deeply discounted and volatility elevated, I expect bargain-seeking participants will eventually drive a technical reversal — bullish structure can return on confirmation above resistance."

Sustained bearish momentum amid oversold technical signals

CORE/USD is trading below the 20-day ($0.0326), 50-day ($0.0369), and 200-day ($0.0823) moving averages, indicating persistent pressure from sellers across all timeframes. The nearest dynamic resistance is the Kijun level from the Ichimoku indicator at $0.0361, reinforcing the prevailing bearish structure. Momentum is weak, as highlighted by a Strong Sell signal on the Moving Average Convergence Divergence (MACD) and a low reading on the Average Directional Index (ADX), reflecting a lack of significant strength. The Relative Strength Index (RSI) at 34.96 indicates the asset is approaching oversold conditions, while both the Stochastic RSI and Commodity Channel Index (CCI) confirm an oversold backdrop. Bull/Bear Power (BBP) is negative, explicitly showing sellers dominate intraday momentum. The Awesome Oscillator is neutral and does not add further directional bias. The pair has dropped sharply by 10.14% today with a modest downside gap of about $0.0003; it is trading in the lower part of its daily range, with intraday volatility standing at 14.96%. This combination points to heavy pressure after the open, and momentum signals are in alignment with the one-sided daily move.

Earlier, analysts noted that Core was entrenched in a persistent bearish trend, with downside momentum dominating the outlook. The current analysis reinforces this negative bias, highlighting the importance of monitoring for any further drops below immediate support as renewed selling pressure could trigger additional declines.

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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