CORE sinks as seller pressure dominates market tone

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Core drops 10.59% to $0.0136 today

Highlights

CORE/USD is trading below key moving averages, confirming persistent short- and long-term bearish pressure.
Momentum indicators remain negative with the asset flagged as oversold, and sellers currently dominate intraday conditions.
Forecasted range for the next 2 to 3 days is $0.0125 to $0.0147, with a very high probability of further downside.

Bearish momentum prevails as resistance zones and oversold signals collide

On the hourly chart, CORE is trading below the MA-20 at $0.0139 and MA-50 at $0.0147, both indicating short- and medium-term resistance zones. The price remains well beneath the MA-200 at $0.0259, with the Ichimoku Kijun marking immediate resistance at $0.0146. Most momentum indicators provide a bearish technical backdrop: MACD signals strong selling momentum, while ADX backs prevailing selling conditions. RSI stands at 30.652 and CCI also flags oversold territory, highlighting underlying market weakness, but Stoch RSI points to a tentative buy signal, creating some divergence among oscillators. Bull/Bear Power analysis confirms that sellers dominate intraday momentum.

High downside risk persists as narrow range caps rebound odds

Looking ahead, the forecast for the next two to three trading days places CORE in a probable trading range of $0.0125 to $0.0147. The likelihood of an upside move is rated very low, while the chances of further downside remain very high. The baseline expectation is sideways price action within this projected band, though a break above $0.0146 would point to a potential challenge of resistance. Conversely, a move beneath $0.0125 would open the door to further losses.

Anton Kharitonov, expert at Traders Union, notes that CORE remains under clear technical pressure. He sees no bullish triggers, with all major moving averages and indicators signaling persistent weakness. Most oscillators are in agreement, and only a tentative Stoch RSI signal stands out against the bearish backdrop. "Unless CORE convincingly reclaims $0.0146, the risk of further declines stays high — I would avoid long positions here," Kharitonov says.

Earlier, analysts noted that Core (CORE) was exhibiting persistent downside pressure and broadly bearish technical conditions. The current outlook reinforces this negative trend, with traders advised to monitor the $0.0125 level as a critical threshold for additional downside risk 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.