Support test at $0.0194: Can Core avoid deeper losses?

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Core slides 7.55% today to $0.0201

Highlights

CORE/USD trades well below key moving averages on both hourly and daily charts, confirming a persistent bearish structure.
Momentum and trend indicators are strongly negative and show oversold conditions, indicating sellers dominate despite the stretched market.
The expected range for the next 2 to 3 days is $0.0194 to $0.0206, with a strong probability of further downside and limited prospects for a reversal unless price reclaims $0.0208.

Bearish momentum intensifies as sellers control oversold market

CORE/USD is trading below both the MA-20 ($0.0215) and MA-50 ($0.0217) on the hourly chart, as well as far below the long-term MA-200 ($0.0289) on the daily chart. The immediate resistance is set by the Ichimoku Kijun at $0.0208. Momentum indicators are decisively negative: the MACD and ADX both signal ongoing bearish strength. RSI stands at 23.793, and both Stochastic RSI and CCI indicate oversold conditions. Bull/Bear Power points to clear seller dominance intraday, while the Awesome Oscillator supports the ongoing downward move.

Further decline risk elevated as price consolidates near support

For the next 2 to 3 trading days, price is expected to remain within a range of $0.0194 to $0.0206, with the probability of further downside assessed as very high and any upside reversal considered to be very low probability. The baseline scenario sees price drifting sideways within this lower range. A bullish scenario would require a breakout and hold above immediate resistance at $0.0208, while a sustained move below $0.0194 could accelerate declines if support gives way.

Anton Kharitonov, expert at Traders Union, sees CORE locked in a firm bearish trend. Technical signals remain decisively negative, with no bullish catalysts from news or price action. Downside risk is high as long as the asset trades below key resistance at $0.0208. "Until we see a clear break above $0.0208, any upside is just noise — the bears are firmly in control here."

Previously it was reported that Core Lightning node operators faced urgent security risks, prompting calls for immediate software upgrades in response to targeted attacks. The current technical setup for Core suggests traders should closely monitor the $0.0194 support level, as a decisive move below this threshold could accelerate downside momentum in the near term.

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.