Why is Core up today? Resistance levels in focus

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Core surges 10.68% to $0.0217 today

Highlights

CORE/USD jumped 10.68% to $0.0217 today with strong buying dominating intraday activity.
Short- and medium-term momentum remain bullish, but price is well below long-term trend indicators.
The next 2 to 3 sessions are expected to trade in a $0.0202 to $0.0223 range, with very low downside risk and overbought signals implying a potential pullback.

Overbought indicators intensify as buyers hold control in volatile trade

On the technical front, CORE is trading above the MA-20 and MA-50 on the hourly chart but remains well below the long-term MA-200. Immediate support is marked by the Ichimoku Kijun at $0.0203. Momentum indicators reflect strong buyer dominance: MACD and ADX both signal a bullish setup, while RSI at 74.73, Stoch RSI, and CCI are all overbought, underscoring that short-term prices may be stretched. Intraday, Bull/Bear Power confirms continued control by buyers, and the Awesome Oscillator also aligns with the upward bias. The recent price action featured high volatility with CORE closing near the session high.

Bullish breakout prospect rises as tight range limits downside

In the very near term, trading is expected within a $0.0202 to $0.0223 range. The likelihood of another upward move is assessed as very high, with downside risk seen as very low. Should price consolidate, fluctuations will likely remain confined to this band. A bullish breakout scenario unfolds on any move above $0.0223, while a reversal would require the price to fall below immediate support at $0.0203.

Viktoras Karapetjanc, leading expert at Traders Union, sees robust buying interest in CORE as technical momentum remains strong. The coin is pressing above short- and medium-term averages, while overbought signals suggest price strength may be stretched in the near term. Karapetjanc assesses the likelihood of another upward push as very high, with downside risk low as long as support at $0.0203 holds. "I expect CORE to maintain its bullish tone, and a breakout above $0.0223 could drive a further rally," he says.

Earlier, analysts noted that Core maintained a broadly bearish technical structure, with momentum remaining weak despite sporadic upside moves. The current analysis signals a marked shift to strong buyer dominance and overbought momentum, making potential price action above $0.0223 the key scenario to monitor for a bullish breakout.

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.