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Coreum

<ul class="list-ic vertical">
 <li><span>1</span> <a>COREUM token witnessed selling pressure and a range breakdown was noted.</a></li>
 <li><span>2</span> <a>Bears have persisted in pushing the token and follow on selling pressure was witnessed.</a></li>
</ul>
<p>The Coreum token (COREUM) slipped below the critical support zone of $0.1500 and reflecting bearishness on the chart. The token has displayed a range breakdown as sellers showcase their dominance. The Coreum token persisted in delivering the lower low swings, forming a falling channel on the charts. The price action shows that sellers have persisted in adding short positions and are eyeing the $0.1000 mark. Coreum token price is trading below the significant moving averages and witnessed a bearish crossover on the charts.</p>
<p>At press time, the Coreum token (COREUM) price was trading at $0.1362 with an intraday drop of 0.64%, reflecting bearishness on the charts. It has a monthly return ratio of -6.67% and -87.25% on a yearly basis. The pair of COREUM/BTC is at 0.00000206 BTC, and the market cap is $52.44 Million. Analysts are bearish and suggest that the COREUM token price may continue to face bearishness and may drag toward the $0.1000 mark soon.</p>
<h2 class="wp-block-heading" id="strong-coreum-price-to-volume-profile-highlighting-bearishness-strong"><strong>COREUM Price To Volume Profile Highlighting Bearishness</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (COREUM), Volume (COREUM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ronin&amp;pt=RON&amp;df=2023-10-04T18%3A29%3A59.495Z&amp;dt=2024-04-04T18%3A29%3A59.495Z&amp;sat=shchcfg_bEu4DK1OfoRj&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bcoreum%3BCOREUM%5D%3B%5B1%3Bvolume_usd%3Bcoreum%3BCOREUM%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<p>The Coreum price to volume profile indicated a massive setback and the token persisted in draining gains and could not manage to hold yet. The price action witnessed a severe fall over 34% last month and is still trading in the bearish trajectory. The intraday trading volume surged over 520% to $1.72 Million showcasing sellers’ efforts to push the token toward the $0.1000 mark.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-weighted-sentiment-analysis-strong"><strong>Price Volatility &amp; Weighted Sentiment Analysis</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (COREUM), Weighted sentiment (Total) (COREUM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ronin&amp;pt=RON&amp;df=2023-10-04T18%3A29%3A59.495Z&amp;dt=2024-04-04T18%3A29%3A59.495Z&amp;sat=shchcfg_bEu4DK1OfoRj&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_volatility_1d%3Bcoreum%3BCOREUM%5D%3B%5B1%3Bsentiment_volume_consumed_total%3Bcoreum%3BCOREUM%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>Amidst the price decline, the <a href="https://www.thecoinrepublic.com/2024/04/02/iota-price-in-the-bears-grip-will-it-break-the-0-3000-level/" target="_blank" rel="noopener noreferrer nofollow">price </a>volatility is on a lower note and remained below the midline near 0.014 suggesting that the rate of fall is lower. Similarly, the weighted sentiment data signifies a negative outlook, the value stayed in the negative region, noting around -0.282.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-active-users-outlook-strong"><strong>Social Dominance and Active Users Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (COREUM), Active social users (Twitter) (RON)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ronin&amp;pt=RON&amp;df=2023-10-04T18%3A29%3A59.495Z&amp;dt=2024-04-04T18%3A29%3A59.495Z&amp;sat=shchcfg_bEu4DK1OfoRj&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Bcoreum%3BCOREUM%5D%3Bsocial_active_users_twitter&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Per the Santiment data, the social dominance data replicates a decrease in investor interest and the value stayed in the negative region, noted around 0.004%. For weeks, the data remained lower, indicating that no significant activity happened. Similarly, the active users on the X platform noted a drop over 220% to 1787.</p>
<h4 class="wp-block-heading"><strong>What RSI &amp; Whale Activity Show On Daily Charts</strong></h4> <iframe loading="lazy" title="Santiment Chart: Percent of Stablecoin Total Supply held by Whales with more than 5 million USD, RSI 1d (COREUM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ronin&amp;pt=RON&amp;df=2023-10-04T18%3A29%3A59.495Z&amp;dt=2024-04-04T18%3A29%3A59.495Z&amp;sat=shchcfg_bEu4DK1OfoRj&amp;emcg=1&amp;emhwm=1&amp;wm=percent_of_whale_stablecoin_total_supply%3B%5B1%3Brsi_1d%3Bcoreum%3BCOREUM%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B%7B%22interval%22%3A%221d%22%2C%22__appliedInterval%22%3Atrue%7D" scrolling="no"></iframe>
<p>The data shows that, the percent of stablecoin total supply held by whales noted a consistent up move and the value spiked to 56.40, a jump over 12% was spotted this month. The RSI curve stayed in the oversold region and is signifying a negative crossover on the charts</p>
<p>Per the Fib levels, the Coreum price has slipped below the 23.6% zone and is trading near the lower Bollinger Band support zone. Similarly, the MACD indicator shows a bearish crossover and persisted in forming red bars on the histogram.</p>
<p>Total supply of the Coreum token is 545.67 million, whereas the volume-to-market cap ratio is 0.0328. Coreum token stands at 516 per the market cap in the global crypto market.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The Coreum token price is trading below the key moving averages and is in the bearish trajectory, implying seller dominance. The token may continue to drain gains and extend the down move toward the $0.1000 mark soon.</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> $0.1450 and $0.1600</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 Looks Bearish: Will The Selloff Extend To $0.1000 Mark?

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Thecoinrepublic.com

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