Core extends downward price move as seller pressure dominates the session

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Core drops 7.17% to $0.0114 today

Highlights

CORE/USD trades below key moving averages on hourly and daily charts, indicating persistent seller control across timeframes.
Momentum indicators remain strongly bearish, with price down 7.17% today and volatility elevated near session lows.
Price is forecast to consolidate between $0.0107 and $0.012 over the next two days, with a high probability of further downside.

Bearish signals strengthen as Core encounters layered technical barriers

On the technical side, CORE/USD is trading below the MA-20 and MA-50 on the hourly timeframe and remains well beneath the MA-200 on the daily chart. The Ichimoku Kijun sits at $0.0118, acting as immediate resistance. Momentum indicators present a bearish profile, with MACD at Strong Sell and ADX signaling Sell. RSI and CCI are both holding in neutral territory, while Stoch RSI signals overbought, hinting at possible short-term downside corrections. Bull/Bear Power is balanced at 0, and the Awesome Oscillator offers a neutral reading, underlining the mixed nature of intraday buyer and seller strength.

Further losses likely as volatility confines short-term direction

Over the next one to two trading days, CORE/USD is anticipated to fluctuate between $0.0107 and $0.012, consistent with recent volatility. The probability of further downward movement is very high, while the likelihood of an upward scenario remains low. Sideways consolidation in this corridor is the baseline scenario; a break above resistance at $0.0118 could trigger a minor rebound, whereas a clear fall below support at $0.0107 would reinforce the bearish trend.

Anton Kharitonov, expert at Traders Union, notes that CORE is struggling beneath key moving averages and faces sustained downside pressure. He views the lack of supportive news and dominant bearish signals from indicators as reasons to remain cautious. Short-term consolidation near $0.0107 to $0.012 is the baseline expectation, with risk skewed to further downside if support breaks. "Unless CORE reclaims $0.0118, I see no technical basis for optimism in the current setup," he says.

Earlier, analysts noted that Core was entrenched in a persistent bearish trend, driven by sustained selling pressure and negative technical signals. The current analysis confirms this ongoing weakness, with the $0.0107 support level emerging as a critical threshold to monitor for further downside risk in the short 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.