Core slips below $0.0177 support as seller pressure intensifies

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Core slides 7.53% today to $0.0184

Highlights

CORE/USD trades below key moving averages on all timeframes, confirming sustained dominance by sellers.
Bearish momentum persists as MACD and ADX indicate ongoing sell pressure and limited recovery prospects.
Price is expected to consolidate between $0.0177 and $0.0195 over the next 2 to 3 days, with a high probability of further downside.

Weak selling bias holds as multiple technical barriers cap rebounds

CORE is trading below the MA-20 ($0.0195) and MA-50 ($0.0198) on the hourly chart, with the MA-200 on the daily set higher at $0.0359. The Ichimoku Kijun at $0.0195 presently acts as immediate resistance, marking the ceiling for any near-term rebound attempts. Momentum remains weak: MACD gives a Strong Sell, ADX signals persistent selling activity, while RSI (35.99) and CCI both point to sell conditions. Stochastic RSI is Neutral, indicating neither oversold nor overbought conditions at this level. Bull/Bear Power shows sellers have an edge on the intraday setup, and the Awesome Oscillator is Neutral, not reinforcing the existing bearish bias.

Low upside likelihood as price consolidates below resistance

Over the next 2–3 trading days, CORE is projected to trade within a volatility band of $0.0177 to $0.0195. The probability of upside movement remains very low (less than 20%), while the chance of further decline holds well above 80%. The base case scenario is for range-bound consolidation in the stated band. If price breaks above $0.0195 resistance, the outlook would shift toward a potential bullish reversal, whereas a break below $0.0177 could accelerate downside momentum.

Viktoras Karapetjanc, expert at Traders Union, sees CORE holding steady within a defined trading range after recent losses. He notes that technicals remain negative, but major volatility drivers are absent. Despite prevailing bearish sentiment, Karapetjanc believes a breakout above resistance could quickly shift momentum. He maintains a cautiously optimistic stance in the short term. "If CORE can close above $0.0195, I expect buyers to gain confidence and attempt a reversal."

Previously it was reported that Core was under persistent bearish pressure, with analysis highlighting continued downside momentum and vulnerability below key technical levels. The latest data reinforces this negative outlook, as CORE remains firmly below resistance and now faces heightened risk of further declines should support at $0.0177 give way.

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.