Selloff pressure intensifies: Can Core avoid deeper losses?

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Core drops 7.48% to $0.0203 today

Highlights

CORE/USD faces sustained bearish momentum, with price down 7.48% and trading well below key moving averages.
Oscillator and momentum indicators signal oversold conditions but show selling pressure remains dominant in the short term.
Expected trading range for the next two to three days is $0.0188 to $0.0218, with a 68% probability of further downside.

Persistent downside momentum confirmed by oversold indicators

On the technical front, CORE/USD is trading below the MA-20, MA-50, and well under the MA-200 on the H1 chart, confirming persistent downside momentum across timeframes. The nearest resistance stands at the Ichimoku Kijun level of $0.022. MACD remains on Sell, ADX is Neutral, and both RSI and Stochastic RSI are in oversold territory, joined by an oversold CCI reading. Bull/Bear Power continues to highlight dominant seller momentum on intraday charts, while the Awesome Oscillator supports the prevailing bearish bias. There are no material divergences reported, with indicator signals broadly stacked on the Sell side.

Rebound risk limited as declining trend dominates outlook

Looking ahead to the next two to three days, the most probable price range is $0.0188 to $0.0218, aligning with typical volatility bands relative to current levels. Model probabilities point to a 32% chance of a rebound against a 68% probability of continued declines. The baseline scenario expects price action to remain within the sideways corridor; a move above $0.022 would target resistance, while a break below $0.0188 would renew selling pressure and expose further downside risk.

Anton Kharitonov, expert at Traders Union, sees continued bearish momentum in Core (CORE) with the price firmly below major moving averages and no significant news catalysts to spark a reversal. Technicals point to persistent seller control, with multiple oversold readings providing little relief. The risk of breaking below $0.0188 is pronounced if the selling persists. "My stance remains cautious — unless CORE reclaims key resistance at $0.022, downside risk dominates in the near term."

Earlier, analysts noted that growing political oversight in Texas could pose challenges for data center operators particularly those involved in crypto mining such as Core Scientific. The present technical outlook for Core signals continued downside risk, with short-term traders advised to closely monitor the $0.0188 level for signs of renewed selling pressure.

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.