Momentum Builds for CORE: Can It Sustain the 20% Climb?
- After gaining 20%, CORE is trading around $0.48.
- The daily trading volume has soared by over 89%.
A brief bullish wave has begun riding across the crypto market, with assets gaining upward momentum. A steady push from the bulls could drive prices into the green zone. Meanwhile, CORE has rebounded, posting a solid 20.58% jump.
The asset opened the day trading at around $0.4018. Later, CORE broke through the crucial resistance zones between $0.4347 and $0.4913 and ascended to a peak of $0.5072.
At the time of writing, CORE traded within the $0.4879 range, with its market cap reaching $159 million. Moreover, the assets daily trading volume has surged by over 89.80% and is resting at $66.11 million.
The asset has gained by over 10.82% in the last thirty days. CORE began trading the month at $0.3507, and it hit the monthly high of $0.5124.
Is CORE Set to Extend Its Bullish Run?
If the CORE bulls reclaim the dominance, the price could climb toward $0.51. Upon clearing the crucial resistance zone, the asset might trigger to form a golden cross, pushing the price to rally toward $0.5306.
In the event of the bears taking charge of the asset, the price could likely fall back to the $0.4922 range. An extended downside correction of CORE might drive the asset to retrace toward a low of $0.47.
The Moving Average Convergence Divergence (MACD) line is above the zero line, but the signal line is below, inferring that a bullish shift is building. Besides, COREs Chaikin Money Flow (CMF) indicator at 0.20 signals that the money is flowing into the asset, with the possibility of more upside.
Moreover, the Bull-Bear Power (BBP) value of 0.0946 indicates that bulls have a slight dominance in the market. The assets daily relative strength index (RSI) at 67.32 suggests that CORE is nearing the overbought territory.
Disclaimer: The opinion expressed in this article is solely the authors. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
