Core support test at $0.0187: Downside targets to watch

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Core drops 7.5% to $0.0196 today

Highlights

CORE/USD continues to trade below key short-, medium-, and long-term moving averages, confirming a sustained downtrend.
Bearish momentum is confirmed by oversold readings on multiple oscillators and strong sell signals across momentum indicators.
Price dropped 7.5% today to $0.0196, with short-term range seen at $0.0187 to $0.0205 and further downside likely unless resistance at $0.0204 is broken.

Bearish momentum confirmed as resistance persists and indicators signal weakness

CORE continues to encounter resistance at the Ichimoku Kijun level of $0.0204, while remaining below its MA-20, MA-50, and MA-200 on the h1 chart. Immediate support is found at $0.0187, and there is a negative gap of 0.0006. Oscillator and momentum indicators provide strong confirmation of the selling trend: RSI is at 27.86, indicating an oversold condition; MACD and ADX signal sustained downside momentum; Bull/Bear Power highlights ongoing seller dominance; Stoch RSI and CCI further flag overstretched weakness; and the Awesome Oscillator reinforces the prevailing bearish profile.

Downside risks escalate as selling threatens key support

In the next 2–3 days, CORE is projected to trade within a volatility band of $0.0187 to $0.0205. Should selling pressure intensify, a move through the $0.0187 support level is highly probable. On the other hand, a bullish scenario would require a decisive break above the $0.0204 resistance, though the likelihood of an upward move remains very low compared to further downside risks.

Viktoras Karapetjanc, analyst at Traders Union, sees CORE under significant selling pressure, with technical signals pointing clearly to downside dominance. He notes the lack of positive catalysts or news, reinforcing the current sentiment-driven weakness. The analyst believes resistance at $0.0204 remains a major barrier, while oversold readings suggest sellers are still in control. "If the $0.0187 support fails, we could see a further decline soon — but only a strong move above $0.0204 would improve the short-term picture," says Karapetjanc.

Previously it was reported that CORE exhibited near-term strength while facing resistance, with technical indicators suggesting a potential for further consolidation. The current breakdown below key moving averages and persistent bearish momentum now shifts the focus firmly to the $0.0187 support, as a breach of this level could trigger additional downside in the days ahead.

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.