Core gains more than 10% after Core DAO details urgent hard fork on validator concerns

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Core surges 10.17% today to $0.0224

Highlights

Core DAO is preparing an emergency hard fork after an incident involving malicious validators obtaining excess CORE rewards.
Several exchanges have restricted CORE token transfers, while the Core blockchain supports over 150 EVM applications with total value locked above $525 million.
CORE/USD trades below key moving averages with mixed technical signals and a projected 5-day range of $0.0155 to $0.0259.

Validator incident prompts exchange restrictions and ecosystem scrutiny

Core DAO, the organization behind the Core blockchain, is preparing an emergency hard fork after an incident involving malicious validators gaining excess CORE rewards. Several exchanges have responded by restricting transfers of the CORE token. The Core ecosystem had previously integrated over 150 EVM-compatible decentralized applications and recorded total value locked above $525 million at the time of its Cobo partnership.

Anton Kharitonov, expert at Traders Union, views the CORE rally as a weak technical bounce amid sustained bearish pressure. He notes the token remains trapped below both MA-20 and MA-200, showing that sellers dominate. Persistent security concerns after the validator incident and exchange restrictions further dampen near-term sentiment. Mixed momentum signals with negative readings on RSI, CCI, and Bull/Bear Power point to underlying fragility. "This hard fork-fueled recovery looks superficial while technical and fundamental issues continue to weigh on CORE," he warns.

Viktoras Karapetjanc, expert at Traders Union, believes the emergency hard fork shows Core DAO’s rapid response and potential for restoring trust. He sees the network’s integration with more than 150 EVM dApps and a high TVL as key strengths. Despite short-term uncertainty, he views the ecosystem as resilient with opportunities for further adoption. "With market participants attentive to recovery, I expect the bullish structure to reassert itself once stability improves," Karapetjanc says.

Jainam Mehta, market strategist, sees CORE at a tactical crossroads after the sharp move and hard fork news. He notes price action tightening between MA-50 support and MA-20 resistance, hinting at possible breakout setups. With mixed indicators and pronounced volatility, Mehta advises flexibility on positioning. "A clear move outside the $0.0222–$0.023 band could offer short-term trades, but risk control remains vital here," he states.

Bearish trend persists amid mixed momentum and technical boundaries

CORE/USD trades below its MA-20 at $0.023 and remains well beneath the MA-200 at $0.0391, yet stays above the MA-50 at $0.0216. This price structure points to continued short-term and long-term selling pressure, with some moderate stability over the medium term and an overall long-term bearish trend. Near-term resistance is at $0.023 and support is found at $0.0222. Momentum indicators are mixed: the MACD is neutral, the ADX issues a buy signal suggesting some directional recovery, while both the RSI at 42.17 and the CCI at -74.97 issue sell signals, indicating underlying weakness. The Stochastic RSI is deeply oversold. Bull/Bear Power at -0.002 confirms sellers are dominating intraday, though the HMA at 0.0193 presents a notable offset with a strong buy reading. Intraday volatility stands at 9.36% with price near session highs and an upside gap of roughly 0.49%.

Earlier, analysts noted that Core was experiencing heightened volatility amid protocol-level security interventions, with short-term bullish activity offset by persistent long-term bearish trends. The current analysis reinforces this overarching pressure, highlighting that CORE remains vulnerable to downside risk and that a sustained move below $0.0222 could signal a deeper retracement toward $0.0155.

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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