- As per the Core price prediction, the CORE coin price slightly increased by 0.43% in the last 24 hours.
- The market capitalization of the CORE coin is $125.08 Million.
- The CORE coin price is trading at $0.86870 and the 52-week price bound range is at $0.731395 – $6.15.
The Core price prediction highlights that the coin recently took support from the demand zone and trying to sustain itself at the current level of $0.86870. This month the CORE coin price trend was bearish as the price was down by 9.55%. The CORE coin price underperformed this month. The CORE coin price has seen an increment in its price by 2795.67% in all-time history which highlights its good performance.
Core Price Technical Analysis
The Core price prediction indicates the amount of CORE coin price traded in a day is $12.29K. As observed, the trading activity is poor for the CORE coin but we can see some buyer’s volume, highlighting the bull’s interest.
The CORE price respected its significant trendline forming a falling wedge pattern, which highlights that the coin price might go upwards. But as examined, the coin’s volume lacks bull’s interest and resistance is high as the price is below major EMA’s, if the CORE coin succeeds in accumulating more buyers only then it might surge and lead the price above hurdles. The price is going toward the major resistance as it will move upward toward the next resistance soon.
As of the day of publishing, the Core price is trying to sustain itself at the current level on the 1D chart. The CORE crypto coin price is trading below the 20 and 50-day EMA (exponential moving average), which is rejecting the CORE coin price but it took support in the demand zone and is giving positive signs. There is a possibility that the CORE crypto coin’s price worth might increase more in the forthcoming week if the bulls come into action again.
The MACD indicator summarizes the uptrend momentum of the CORE coin price. The MACD line is above the signal line and given a bullish crossover. The MACD line at -0.02626 and signal line at -0.03017 is below the zero line, suggesting that the MACD is giving bullish signals.
The current value of RSI is 47.68 points. The 14 SMA line is above the median line at 46.16 points which indicates an upward direction and bullish sentiment in the market. As the price is heading toward overbought territory, the market is encountering bullish sentiment.
The technical parameters of the CORE coin price suggest the continuation of the uptrend over the daily time frame chart. The CORE coin price reflects an optimistic view at the moment. Major legitimate indicators MACD, RSI, and EMA, flaunt positive signals about the CORE coin price.
Extraction
The Core price prediction highlights the sentiments and perspectives of investors and traders regarding the CORE coin price being bullish in the 1D timeframe. The CORE coin price reflects an optimistic view at the time of publishing. The technical parameters for the CORE crypto coin price indicate bullish pressure.
Technical Levels:
- The nearest support level is $0.64381.
- The nearest resistance level is $1.45705.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
