Why is Core price down 10.1% today?

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Core slides 10.18% today to $0.0138

Highlights

CORE/USD remains below key moving averages, establishing a persistent bearish trend across all timeframes.
Momentum signals across MACD, ADX, RSI, and oscillators confirm ongoing downside pressure with readings near oversold levels.
CORE/USD is forecast to trade between $0.0116 and $0.0159 over the next five days, with a high probability of further declines and sellers controlling the market.

Anton Kharitonov, expert at Traders Union, notes that CORE remains firmly in a bearish trend. He sees persistent selling pressure with price action below all major moving averages reinforcing downside risk. The absence of supportive news further weakens sentiment. Volatility is high, and most technical indicators suggest the token is approaching oversold but not yet primed for reversal. Kharitonov warns, "Until CORE/USD reclaims key levels like $0.0142, there is little justification for bullish positioning."

Viktoras Karapetjanc, expert at Traders Union, believes CORE offers opportunities even amid current weakness. He points out that heightened volatility can attract tactical buyers once momentum shifts. Karapetjanc expects the market to eventually transition to a consolidation phase, creating potential for new setups. While news drivers are absent, he maintains a constructive tone. "Any stabilisation above $0.0142 could spark renewed interest — this market rewards forward-looking participants," Karapetjanc says.

Sholanke Dele, market strategist, sees little confidence in CORE as negative momentum and volatility persist. He highlights that failed attempts to hold support amplify downside risk. Dele remarks that without positive catalysts or structural improvement, bearish conditions are likely to dominate. "Until a clear reversal above resistance emerges, I advise staying defensive on this token," he states.

Widespread downside pressure as technicals confirm oversold momentum

CORE/USD is trading below its 20-day, 50-day, and 200-day moving averages at $0.0178, $0.0199, and $0.026, respectively, highlighting a pronounced downside bias for short-, medium-, and long-term perspectives. The long-term trend remains bearish, reinforced by the 50-day average holding below the 200-day. The near-term resistance ceiling is located at $0.0142, with initial support at $0.0137. Momentum indicators such as MACD, ADX, and the Awesome Oscillator all flag ongoing bearish pressure. The RSI is at 32.18 and approaching oversold conditions, with the Stochastic RSI and CCI showing even lower readings. Bull/Bear Power is negative, and oversold warnings are present across oscillators. Session volatility is high at 14.60%, and price action remains near the day's low.

Earlier, analysts noted that CORE was experiencing sustained downside pressure, undermined by broadly bearish technical signals. The latest analysis reinforces this bearish outlook amid continued selling and elevated volatility, with traders advised to monitor $0.0137 as a key support level for potential downside acceleration.

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

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