Core maintains short-term uptrend as buyers keep control despite overbought signals

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Core rises 7.13% to $0.018 today

Highlights

CORE/USD trades above short- and medium-term moving averages with strong intraday momentum, but remains below the long-term trend line.
The pair is up 7.13% for the day at $0.018, with momentum indicators in overbought territory and buyers dominating intraday.
Price is expected to trade between $0.0166 to $0.0187 over the next 2 to 3 trading days, with odds favoring consolidation within this range.

Bullish momentum and overbought signals as buyers dominate CORE

On the H1 chart, CORE/USD remains above the MA-20 at $0.0169 and MA-50 at $0.0171, while it is still below the daily MA-200 at $0.0265. The Ichimoku Kijun sits at $0.0168, marking a clear support area. Momentum indicators are broadly bullish: MACD, ADX, Bull/Bear Power, and Awesome Oscillator all confirm ongoing intraday buyer dominance. RSI stands at 62.286, with CCI and Stochastic RSI both signaling overbought conditions, suggesting that buying pressure may be stretched in the short term.

Tight range expected as overbought risk meets bullish bias

Looking ahead 2–3 trading days, the expected range is $0.0166 to $0.0187, representing a volatility band relative to current levels. The probability of an upward move is estimated at 74%, favoring a sustained or mildly bullish scenario. However, a reversal remains possible if the price breaks below immediate support at the Kijun level, while a breakout above resistance could further extend the uptrend. The baseline scenario calls for sideways action within the defined corridor as momentum and overbought signals converge.

Anton Kharitonov, expert at Traders Union, notes that CORE is showing solid short-term technical momentum, with price action supported by bullish indicators and strong intraday volatility. He sees this as a sign of buyer dominance, but warns that overbought signals and lack of news leave the move looking fragile. Cautious positioning is warranted as the asset trades near the top of its expected range and key support sits close by. "Until CORE can break above resistance, I remain neutral and expect sideways action unless immediate support fails."

Earlier, analysts noted that Core was experiencing persistent bearish momentum, with technical signals highlighting continued selling pressure. The latest market action marks a shift in trend, with buyers currently in control and immediate focus on whether the asset can sustain its position above the Ichimoku Kijun support level.

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.