Core Price Prediction: About to Hit $3.5
The price of Core has shown a significant upward trend, increasing its portfolio by 10.36% in the past day. Moreover, it has gained 40.88% in the past 7 days and 307.22% in the past 30 days, highlighting the long-term prospects of this altcoin.
For more than 4 months, the CORE price has traded in a comprehensive range of $0.45 to $0.86, showing a neutral trend, with a successful upward momentum in March. The CORE token broke through the resistance level, which led to a 655% increase in its price in the next 10 days.
Since then, the price was rejected at $4.380 and recorded a valuation correction of 44.30%. The failure of the bulls to hold the price at this level led to its further decline of 50.29%. Despite the increased volatility, the Core token has been rejected several times at the price of $2.7175.
Since then, the price has been fluctuating between $1.99 and $2.71. On the positive side, the Core coin is about to test its resistance level, and the outcome is unpredictable.
The technical indicator MACD shows a continuous decline in the red bar chart, highlighting the increased buying pressure on the Core coin in the cryptocurrency space. Moreover, the moving averages show a high probability of bullish convergence, indicating a bullish outlook for the Core price this week.
Will the CORE price rise?
If the market pushes the Core price above the $2.71 resistance level, the bulls will continue to trade under the positive influence and test its overhead resistance level at $3.34. Moreover, if the bulls maintain the price at this level, the Core coin price will be ready to test its overhead resistance level at $3.78 this month.
However, if the market sees a bearish reversal, the altcoin will start trading under the bearish influence and fall towards the $1.99 support level. Moreover, if the bears continue to overwhelm the bulls, the Core coin will continue to bleed and test its critical support level at $1.34.
Again, we are ready for the post-halving
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