CORE falls as sellers maintain control of short-term price action

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Core slides 7.19% to $0.0188 today

Highlights

CORE/USD trades below key moving averages across all timeframes, signaling sustained bearish momentum in the short, medium, and long term.
Momentum and trend indicators register strong sell signals, and sellers do not show exhaustion with the price down 7.19% to $0.0188 near session lows.
Price action is expected to remain in a $0.0177 to $0.0201 range over the next 2 to 3 days, with a higher probability of continued downside unless $0.02 resistance is reclaimed.

Bearish momentum intensifies with all indicators signaling sell

On the hourly chart, CORE/USD is trading below both the MA-20 ($0.02) and MA-50 ($0.0201). On the daily chart, it remains below the MA-200 at $0.0275. The Ichimoku Kijun sits at $0.02, acting as immediate resistance. Bearish momentum is strongly confirmed by RSI at 36 (Sell), MACD and ADX on Sell signals, and CCI also pointing to selling conditions. Stoch RSI shows no oversold signals, indicating selling is not yet exhausted. Both Bull/Bear Power and the Awesome Oscillator confirm seller dominance in the intraday session.

Downside risk elevated as range-bound trading likely persists

Over the next 2–3 trading days, price is expected to trade within a volatility band between $0.0177 and $0.0201. Probability of a move to the upside remains very low, while the chance of further downside is high. The baseline scenario sees a sideways move in this range. A bullish case would require a break above the $0.02 resistance, while a bearish scenario is triggered if price falls below the $0.0177 support level.

Anton Kharitonov, expert at Traders Union, sees CORE continuing its downtrend under key technical levels. He notes that bearish momentum is confirmed by multiple sell signals and the absence of any exhausted conditions. Price is likely to remain capped below $0.02, with risk of further decline if $0.0177 does not hold. "I remain defensive — this market stays unattractive to buyers until CORE reclaims the $0.02 level with conviction."

Previously, analysts noted that former bitcoin mining operations are increasingly pivoting toward AI and data center infrastructure as traditional mining revenues decline. The current short-term technical setup in CORE, with sustained downward pressure and lack of reversal signals, highlights the importance of monitoring $0.0177 as the critical support level for any potential shift in market direction.

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.