CORE slides over 12% as bearish momentum and oversold indicators dominate

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Core slides 12.24% today to $0.0133

Highlights

CORE/USD trades below key moving averages, confirming a persistent bearish trend across all time frames.
Momentum indicators remain bearish and show deeply oversold conditions, with sellers firmly in control.
Over the next 5 trading days, price is expected to range between $0.0101 to $0.0158, with a high probability of further declines.

Anton Kharitonov, expert at Traders Union, believes CORE's sharp decline is a consequence of persistent technical weakness and a lack of fundamental support. He notes the asset has broken decisively below all key moving averages, highlighting clear dominance by sellers and oversold conditions. The absence of news or institutional flows further underscores the market’s fragility, offering little relief for bulls. Kharitonov points to a heavy intraday tone with momentum indicators giving no sign of reversal. "Until stronger buyers emerge or fresh catalysts appear, I see the risk of further downside remaining high for CORE," he concludes.

Viktoras Karapetjanc, expert at Traders Union, sees the latest pullback as a potential opportunity for disciplined, forward-looking investors. He observes that while current sentiment remains negative and news flow is absent, oversold technicals often set the stage for bullish reversals. Karapetjanc points to the volatility band as an area where new long-term positions could be considered if momentum recovers. "This market structure offers multiple setups — I expect traders to find buying opportunities if price stabilizes near support," he states confidently.

Parshwa Turakhiya, analyst, notes that current sentiment is heavily bearish as technical selling dominates the short-term landscape. He highlights the extreme oversold readings across RSI and Stochastic indicators, suggesting a reactive environment that could produce short-lived rebounds. Turakhiya sees short-term traders eyeing the $0.0132 floor and the scenario band for possible momentum plays. "In my view, quick bounces remain possible, but sustained rallies will need a shift in market tone," he comments.

Bearish momentum intensifies as all technical signals align lower

CORE/USD is trading below all major moving averages, with the last price at $0.0133 versus the 20-day at $0.0175, the 50-day at $0.0198, and the 200-day at $0.0259. This technical setup signals sustained pressure from sellers across all time frames, with a bearish medium- and long-term trend confirmed by the alignment of the 50-day and 200-day averages. The near-term ceiling stands at $0.0138 and the floor at $0.0132. Momentum indicators remain firmly bearish: the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) both forecast continued selling. The Relative Strength Index (RSI) reads 27.08, the Stochastic RSI is at 0, and the Commodity Channel Index (CCI) prints -255.02, all indicating deeply oversold conditions. Bull/Bear Power (BBP) at -0.0011 confirms sellers are currently dominant, and the Awesome Oscillator (AO) also favors continued downside pressure. CORE/USD is down $0.0019 or 12.24% today after opening to a downside gap of about $0.0014, or -9.27%. Price is holding near the session low, and intraday volatility stands at 4.55%. The intraday tone is notably heavy following the gap down, with momentum and oscillators in strong alignment to the downside.

Earlier, analysts noted that Core (CORE) was entrenched in a bearish trend with sellers firmly in control. The latest data reinforces this negative outlook, with traders advised to watch the $0.0132 support level as a critical indicator of further downside risk in the coming days.

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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