Core technical analysis: Downtrend persists with $0.0109 support in focus

Traders Union
All News
Crypto
Core drops 7.57% to $0.0123 today

Highlights

CORE/USD trades below all key moving averages, indicating sustained bearish pressure across short-, medium-, and long-term timeframes.
Momentum indicators align with a strong sell bias, but divergent oscillators and oversold readings signal a potentially unstable near-term outlook.
Next 2 to 3 days likely see CORE/USD contained between $0.0109 and $0.0137, with a 71% probability of a downward move unless resistance at $0.0128 breaks.

Downside risks persist as sell signals align with oversold readings

On the H1 chart, CORE/USD is trading below the MA-20 and MA-50, while it also remains well below the MA-200 on the daily timeframe. The Ichimoku Kijun at $0.0128 stands as immediate resistance. MACD is on Strong Sell, and ADX confirms a Sell tone. Additionally, RSI is at 36.72 and CCI is in Sell territory, highlighting oversold conditions. However, Stoch RSI is overbought, revealing divergence among oscillators. Throughout the session, Bull/Bear Power indicates seller dominance and price action is closing near the session high under moderate volatility.

Sideways action likely unless key resistance or support is breached

In the short term, the anticipated trading range for the next 2–3 sessions is $0.0109 to $0.0137, indicating a typical volatility band relative to current levels. Current technicals suggest a 29% probability of an upward move, with the base case being continued sideways consolidation. A bullish scenario would require a breakout above immediate resistance at $0.0128, while a bearish move may develop if price slips below support at $0.0109.

Anton Kharitonov, expert at Traders Union, sees CORE trading in a clearly bearish structure. Technical indicators remain negative, with the price under all major moving averages and oscillators suggesting continued weakness. He believes a sustained move above $0.0128 is needed for any shift in tone, while downside risk remains if support at $0.0109 breaks. "Until CORE can reclaim key resistance levels, I remain on the defensive and see sideways or lower as the base case."

Earlier, analysts noted that Core (CORE) was entrenched in a persistent bearish trend, with technical signals indicating sustained selling pressure. The latest price action and ongoing indicator divergences reinforce the downside risks, making the $0.0109 support a critical level for traders to monitor over the next several sessions.

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.