Core DAO governance transfer introduces uncertainty as Core price faces downward pressure

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Core drops 7.12% to $0.0168 today

Highlights

Core is moving toward greater decentralization as control shifts from a central team to the broader community via the DAO.
The handover raises questions about the project's future leadership and direction, with structural changes seen as an added risk.
CORE/USD trades below key moving averages, with sellers maintaining pressure and the price forecast in a $0.0163 to $0.0176 range over the next two to three trading days.

Uncertainty rises as governance shifts to decentralized stakeholders

Core's transition to greater decentralization, as officially announced by the blockchain's team, marks a significant step as the DAO continues to hand over control and governance to the wider community, according to Chaincatcher. This transfer shifts decision-making authority from a central group to a dispersed set of stakeholders, which may introduce uncertainties regarding leadership and project trajectory. Market participants often react cautiously to such structural changes, as evolving governance frameworks can increase perceived risk.

Mixed momentum signals as resistance tests buyer dominance

On the hourly chart, CORE/USD is trading below MA-20 at $0.0171, MA-50 at $0.0173, and the long-term MA-200 at $0.0261. The Ichimoku Kijun mark at $0.0173 serves as immediate resistance. Momentum readings are mixed: MACD flashes a Strong Sell, while ADX and several oscillators indicate underlying buying interest, with RSI at 54.84, CCI signaling Buy, and Stochastic RSI showing an overbought condition. Bull/Bear Power currently points to intraday dominance by buyers, highlighting the ongoing tug-of-war between opposing forces.

Downside risk persists amid low breakout odds and narrow range

Over the next 2 to 3 trading days, CORE/USD is expected to move within a typical volatility band between $0.0163 and $0.0176. The probability of an upward breakout is estimated at 23%, while a move lower is considerably more likely. A baseline scenario anticipates price consolidation in this corridor; a sustained break above immediate resistance at $0.0173 could accelerate recovery, while a drop below the lower band would reinforce the prevailing downtrend.

Anton Kharitonov, expert at Traders Union, sees persistent selling pressure on Core (CORE), with price action staying below key technical levels. He notes that the project’s DAO-driven decentralization adds further uncertainty and risk to the outlook. Momentum is mixed, but the downside remains structurally favored. "Until CORE reclaims $0.0173 with conviction, I view any rebound attempts as weak and prefer to wait for clearer direction."

Previously it was reported that rapid advances in blockchain governance and technology, including greater decentralization and resilience, are prompting market participants to reassess operational risks. In the context of CORE's structural changes and ongoing volatility, traders should monitor the $0.0163 support level carefully, as a break below this threshold could trigger further downside momentum.

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.