Core Price Prediction: Where is the best entry? How high will it bounce?
As of 12:40 AM, Core price surged 14% in the past 24 hours to trade at $2.52, with trading volume soaring 152% to $239 million
According to data, Core surged 321%, making it the top monthly gainer. The surge puts it in the top 100 crypto market cap with a market cap of $2.15 billion. Core Price Bulls Show Resilience at 200 SMA Support
Core price rebounded after falling from all-time highs following a long-term downtrend. The $1.37 support area enabled bulls to push the price towards the $2.4 resistance point.
Despite the rejection, bullish investors showed resilience and rebounded at the $1.86 support area, recovering accrued losses.
Technical indicators are all bullish as bulls have pushed the price above the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, with the 50 SMA acting as an immediate support for the price of the core. However, a strengthening momentum could push the price higher to reclaim the all-time high (ATH) of $6.14.
The Relative Strength Index (RSI) is also generally trending upwards, showing a rebound from 43 below the 50 midline to around 61. If the momentum continues to strengthen, we could see the RSI move into the overbought territory, confirming the ongoing rally.
Price of the core is poised for another bullish rally
Price of the core is generally trending upwards. The $1.86 support area has facilitated the bullish momentum, helping the bulls to push the price higher to reclaim the all-time high (ATH).
However, if the bears regain control, the price could fall back to the 50 SMA, retrace to the $1.3730 support, which coincides with the 200 SMA.
Again, we are ready for the halving.
Observation: Core, bome, sol, ena ....... The time is not right yet.
When it is, I will say #core
Specifically, follow me into the Niu Village🌹#大盘走势 #WIF
If you come to me, I will take you ashore, just lie down,
Friends who deduct 8 in the comment area will take you into the Niu Village! (Free)
Lao Li will not let Lao Li's fans miss out in this bull market! This is the truth
