Core

Rally

Resistance

April

Billion

CORE Price: The first half of April has been a roller coaster ride for Core coin witnessing a spread from $4.36 high to $1.15. This 73.5% downswing was initiated as a post-rally correction but the selling pressure accelerated due to <a href="https://coingape.com/michael-saylor-foresees-geopolitical-clash-as-a-boost-to-bitcoin/" rel="noopener noreferrer nofollow">geopolitical tension</a> between Iran and Israel and bitcoin’s pre-halving correction. However, an immediate reversal from the combined support of 78.6% Fibonacci retracement level and $1.15 low sparks a recovery sentiment among market participants.
Also Read: <a href="https://coingape.com/markets/6-rwa-crypto-to-buy-as-bitcoin-plummets-10-in-a-week/" rel="noopener noreferrer nofollow">6 Top Crypto To Buy As Bitcoin Plummets 10% In A Week</a>
<h2 id="b-can-core-coin-regain-its-value-above-3-b">Can Core Coin Regain Its Value Above $3?</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/e/EAQo782t.png" alt="OKX:COREUSDT Chart " width="1946" height="893">
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 Core Price| Tradingview
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Core is a blockchain platform that leverages the security and robustness of <a href="https://coingape.com/markets/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> while being compatible with Ethereum Virtual Machine (EVM). It uniquely combines delegated Proof-of-Work (PoW) and delegated Proof-of-Stake (PoS) consensus mechanisms.&nbsp;
This design aims to optimize network performance, reduce the risk of centralization, and enhance transaction speeds, making Core a versatile and secure foundation for developing and deploying decentralized applications.
<blockquote>
 The last correction trend in <a href="https://coingape.com/blog/core-dao-price-what-will-be-my-portfolio-if-core-dao-price-hits-10/" rel="noopener noreferrer nofollow">CORE price</a> rebounded from 78.6% FIB level at $1.15. The bullish turnaround propelled the coin price by 146% and challenged the resistance at $2.9. The CORE price is struggling to break past this barrier as the broader prolongs its current correction trend.
</blockquote>
With a significant intraday decline of 19%, altcoin’s trading price has dropped to $2.19. Despite this downturn, the CORE coin maintains a market cap of $1.94 billion, securing its place among the top 50 cryptocurrencies.
For buyers to gain better control over this asset, they must break the overhead resistance of $2.9. With this breakout, the CORE coin would reclaim 50% of the value lost in the last correction favoring the potential further growth.
The post-breakout rally could push the asset another 52% to hit a $4.38 high.&nbsp;
Also Read: <a href="https://coingape.com/bitcoin-halving-can-cost-crypto-miners-10-billion-in-losses/" rel="noopener noreferrer nofollow">Bitcoin Halving Can Cost Crypto Miners $10 Billion In Losses</a>
<h2 id="b-technical-indicator-b">Technical Indicator&nbsp;</h2>
<ul>
 <li>Exponential Moving Average: The fast-moving 20-day EMA increases the support strength for the CORE coin price at $2.</li>
 <li>Relative Strength Index: The daily <a href="https://coingape.com/glossary/rsi-relative-strength-index/" rel="noopener noreferrer nofollow">RSI</a> above 53% reflects a neutral to bullish market sentiment.</li>
</ul>
The post <a href="https://coingape.com/markets/core-price-rally-challenges-resistance-for-52-upside/" rel="noopener noreferrer nofollow">Core Price Rally Challenges Key Resistance For 52% Upside Potential</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Core Price Rally Challenges Key Resistance For 52% Upside Potential

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