CORE today news: breakdown below $0.2991 support could trigger further losses this week

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Core slides 39.47% today on heavy losses

Highlights

Core (CORE) plummeted 39.47% to $0.301, sharply underperforming its MA-20 at $0.394, MA-50 at $0.4266, and MA-200 at $0.5566.
Technical indicators including MACD, RSI, Awesome Oscillator, and CCI confirm unified bearish momentum with CORE trading near the day's low and no dynamic support.
Projected for the week, CORE's most likely range is $0.2991–$0.3322 with less than 20% probability of a price increase and risk of further downside.

Bearish momentum intensifies as technical signals align lower

CORE is trading well below its MA-20 at $0.394, MA-50 at $0.4266, and MA-200 at $0.5566. This setup signals strong short-, medium-, and long-term bearish momentum, with the Ichimoku Kijun acting as the closest resistance at $0.4173 and no dynamic support below the current price. Momentum readings show a strong negative bias, with the MACD and RSI both in sell territory and the Awesome Oscillator confirming bearish strength. The CCI signals an oversold daily condition, while the Stoch RSI hovers in neutral territory but appears oversold on higher timeframes. The BBP indicates sellers control intraday momentum. A steep daily loss of 39.47% occurred with no gap between yesterday's close and today's open, and the current price sits near the day's low, reflecting high volatility with firm downside pressure after the open. Momentum and oscillators align, showing no divergence as bearish pressure dominates intraday price action.

Downside risk prevails as recovery chances remain slim

For the week ahead, the expected price range is between $0.2991 and $0.3322. The probability of a price increase is very low (less than 20%), making a further decline much more likely. The baseline scenario sees CORE revolving within a sideways corridor, struggling to regain traction. In the bullish scenario, a sharp move above $0.3322 would be required to trigger recovery potential. In the bearish scenario, a breakdown below $0.2991 support opens the way for further downside, given the prevailing negative trend signals on both daily and weekly charts.

Anton Kharitonov, expert at Traders Union, sees CORE locked in a strong technical downtrend, underperforming all major moving averages after a sharp 39.47% loss and with no supportive news catalysts. He notes that bearish momentum is clearly dominant, with oscillators and price action aligned to the downside, and that the lack of dynamic support increases vulnerability to further selling. Kharitonov remains skeptical about a swift recovery, emphasizing low odds for an upside move this week given the prevailing market signals. "With CORE trading below all critical levels and no positive momentum evident, my base case is continued weakness — unless $0.3322 is reclaimed, any bounce looks unreliable."

Previously it was noted that momentum signals diverge, as the daily MACD and Awesome Oscillator both indicate ongoing bearish pressure. The article also mentioned that broader macroeconomic developments are influencing risk sentiment and reinforcing downside momentum for CORE.

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.