Altcoins News
By Pankaj K
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The Bearish Outlook. Despite the 33% rally, the longer-term charts for CORE remain bearish.
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Key Resistance and Support Levels. On the 4-hour chart, CORE showed a clean rejection from a bearish order block around $0.
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Liquidation Heatmap and Volatility. The CORE liquidation heatmap has highlighted the $0.52-$0.53 zone as a major area of interest.
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Conclusion. CORE's 33% surge over 11 hours has caught the attention of traders, but the underlying trend…
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Core (CORE) experienced a remarkable surge of 33% in just 11 hours, jumping from $0.39 on March 29th to $0.52 on March 30th.
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Despite the 33% rally, the longer-term charts for CORE remain bearish. On the 1-day chart, the price recently retested the $0.4775 resistance level.
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The surge in volume over the weekend, while noteworthy, is not enough to change the overall trend.
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The higher timeframe trend should not be overlooked. While the recent rally might have excited some traders, it is important to remain cautious, as the underlying trend still…
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On the 4-hour chart, CORE showed a clean rejection from a bearish order block around $0.52, a level that has repeatedly acted as resistance in recent weeks.
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If the price breaks below the $0.4775 support level, the next key support to watch would be around $0.378.
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This means that CORE may experience increased volatility in the coming days as market participants battle for control of this price zone. A retest of the $0.52-$0.
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For now, the best approach may be to monitor the price action closely, paying attention to key support and resistance levels.
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