Core Price Prediction: CORE Price To Hit $3.5 Soon?

The post Core Price Prediction: CORE Price To Hit $3.5 Soon? appeared first on Coinpedia Fintech News

The Core price has displayed a significant uptrend by adding 10.36% to its portfolio within the past day. Moreover, it has added 40.88% within the past seven days and 307.22% over the past 30 days, highlighting a positive outlook for this altcoin in the long-term perspective.

After displaying a neutral trend by trading in a consolidated range between $0.45 and $0.86 for over 4 months, the CORE price successfully gained momentum during March. The CORE token broke out of its resistance level, resulting in its price recording a jump of 655% within the next 10 days.

TradingView: CORE/USDT

Following this, the price faced rejection at $4.380 and recorded a correction of 44.30% in valuation. The bulls failed to hold the price at that level, resulting in it recording another loss of 50.29%. Despite increased volatility, the Core token faced repeated rejection at $2.7175.

Since then, the price has been trading between $1.99 and $2.71. Positively, the Core token is on the verge of testing its resistance level, the outcome of which is unpredictable.

The technical indicator, MACD, displays a constant decline in the red histogram, highlighting increased buying pressure for the Core token in the crypto space. Furthermore, the averages show a high possibility of a bullish convergence, suggesting a bullish outlook for the CORE price this week.

Will CORE Price Go Up?

If the market pushes the Core price above the resistance level of $2.71, the bulls will continue trading under a positive influence and test its upper resistance level of $3.34. Moreover, if the bulls hold the price at that level, the Core coin price will prepare to test its upper resistance level of $3.78 this month.

However, if the market experiences a bearish reversal, the altcoin will start trading under a bearish influence and fall toward its support level of $1.99. Further, if the bears continue to overpower the bulls, the Core token will continue bleeding and test its crucial support level of $1.34.