Core price prediction: Can $0.0229 support hold as CORE slides 7.15%?
Core (CORE) is trading at $0.0241, posting a sharp 7.15% decline for the day. The move leaves the asset below its key moving averages, underscoring continued downside momentum in the short and medium term.
0.0244
0.0253
Highlights
- CORE/USD faces sustained downside momentum, with price action remaining below key short- and medium-term moving averages.
- Bearish momentum dominates as multiple technical indicators confirm strong selling pressure, with little evidence of immediate bullish reversal.
- Short-term price is expected to move within the $0.0229–$0.0253 range, and a break below $0.0229 could accelerate further losses.
Bearish momentum as technical signals reinforce resistance
CORE continues to show technical weakness, trading below the MA-20 ($0.0246) and MA-50 ($0.0253) on its hourly chart, and significantly under the MA-200 ($0.0708) on the daily timeframe. The Ichimoku Kijun level at $0.0249 marks immediate resistance. Among momentum signals, the Relative Strength Index (RSI) prints a weak 41, the Moving Average Convergence Divergence (MACD) is on a sell signal, and both the Average Directional Index (ADX) and Commodity Channel Index (CCI) confirm selling pressure. The Stochastic RSI is neutral, while Bull/Bear Power shows limited buyer presence and the Awesome Oscillator further supports the prevailing bearish pressure.
Downside risk prevails if immediate resistance holds
Over the next 2 to 3 trading days, the expected price range for CORE is $0.0229 to $0.0253, reflecting a typical volatility band relative to current levels. The probability of an upward move is currently very low, while a further decline is more likely unless there is a break above $0.0249, which would clear immediate resistance and could prompt a recovery. A drop below $0.0229 could trigger additional losses.
Earlier, analysts noted that Core was exhibiting signs of short-term bullish momentum despite overbought technical conditions. The renewed bearish signals and breakdown below key moving averages now mark a shift in trend, making it crucial for traders to monitor the $0.0229 support level as a potential trigger for further downside.
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