Secure

Resistance

Coreum

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>COREUM token price signifies selling pressure and declined persistently.</a></li>
 <li><span>2</span> <a>Buyers have lost their strength and are trying to hold the gains.</a></li>
</ul>
<p>The Coreum token (COREUM) price persisted in dragging the gains and indicated severe selling pressure for the past few sessions. Moreover, the token has corrected from the highs of $0.32000 and eroded over 50% of gains this month, highlighting bearishness. However, the token has dragged close to the demand zone, and a bounce could be seen soon.&nbsp;</p>
<p>COREUM token price slipped below the significant moving averages, revealing a panic fall on the charts. The mighty bears continued forcing the bulls and adding short positions, leading in a follow-on selling pressure. The token denoted lower low swings and cannot settle the gains amidst the bullish crypto market depicting low investor interest.</p>
<p>The Coreum token (COREUM) price was $0.1462 at press time, with an intraday drop of 0.48%, showing bearishness on the charts. Moreover, the trading volume has increased by 2.21% to $1.64 Million. The pair of COREUM/BTC is at 0.00000283 BTC, and the market cap is $56.52 Million. COREUM crypto has a negative monthly return ratio of (-7.89) % and (-76.32)% on a yearly basis. Analysts are bearish and suggest that the Coreum crypto (COREUM) price will continue to face a selloff and may retest $0.1000 soon.</p>
<h2 class="wp-block-heading" id="strong-coreum-reveals-follow-on-selling-pressure-on-daily-charts-strong"><strong>COREUM Reveals Follow On Selling Pressure On Daily Charts&nbsp;</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/BTWHVD2RG3tP1gKxiLcizW-gQFMe_D5NnhfYOAoasbwwyuFmNFmT-bMERkd6EVPD5-tk5719-rZAhoc73BiH0aMq5gi3xPzyen-dJarVIqzkEgUGDR1AnFF4hOOjkWy6mzQWZHXx14Z-FyGbhaHXWPE" alt="COREUM Price Prediction: COREUM Hints Selloff, What's Next?">
  <figcaption class="wp-element-caption">
   Source: COREUM Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the daily charts, the token persisted in declining the gains and was in a downtrend for the past weeks. The token could not manage to hold out at any support zone and was dragged below the 200-Day EMA zone, which exhibits bearish dominance. Furthermore, the token has breached the range neckline of $0.1500 and is initiating yet another selloff, which may soon lead the token toward $0.1000.</p>
<p>The RSI curve stayed in the oversold region, reflecting a negative crossover. Moreover, the MACD indicator shows a bearish crossover, and the red bars formed on the histogram suggest underperformance for the following sessions.</p>
<h3 class="wp-block-heading" id="strong-coreum-exhibits-panic-selloff-can-bulls-secure-0-1000-mark-strong"><strong>COREUM Exhibits Panic Selloff, Can Bulls Secure $0.1000 Mark?</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/c1Lx-WWvvqHHz29SI5F3lWOA6naWQAnMuSMM22TJcNFnX852AwFywOQ13aCShf-26ACxYdQhBcv0A0wKwU7PdhyQaXqfjSO8ML2dknnPyOGaElVpbaFoKJfIjbAm2OMGrQBRhShq5o9NM6n4dObrxLo" alt="">
  <figcaption class="wp-element-caption">
   Source: COREUM Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>The token witnessed volatile moves on the weekly charts and replicated pump-and-dump price movements. Recently, the token showed a massive bounce from the demand zone of $0.0700 and retested $0.3000, but instead of follow-on buying momentum, a panic selloff was witnessed, leading to a decline in the past few weeks. The technicals are signaling that a correction might lead to a retesting of the lows of $0.07000 in the following sessions.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The <a href="https://www.thecoinrepublic.com/2024/02/24/thorchain-cardano-and-worldcoin-price-forecast-weekly-outlook/" target="_blank" rel="noopener noreferrer nofollow">Coreum token</a> (COREUM) price has slipped below the 200-Day EMA support zone and is indicating that a selloff may be triggered $0.1000 soon. The price action reveals massive short additions, and the bulls look hopeless and will stay on the back foot.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.1200 and $0.1000</p>
<p><strong>Resistance Levels:</strong>$0.1600 and $0.1800</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

COREUM Price Prediction: COREUM Hints Selloff, What’s Next?

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Thecoinrepublic.com

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