Core

Sherpa

Million

Momentum

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Core token price has rebounded from the 100 day EMA mark this week.</a> </li> 
 <li> <span>2</span> <a>Technical indicators are suggesting a pullback ahead.</a> </li> 
</ul>  
<p>The <strong>Core (CORE) token price </strong>regained momentum and flipped its gains from the 100 day EMA mark.&nbsp;</p> 
<p>A <strong>symmetrical triangle pattern </strong>was noted, and the token might breach the downward trendline hurdle of $2 soon. Meanwhile, the ongoing correction was done and signs of buyer accumulation were witnessed.</p> 
<p>A break and close above the $2 mark, would trap the sellers ahead and fresh buying momentum can be seen ahead. At press time, the <strong>CORE price</strong> was $1.83 with an intraday drop of 0.87%, reflecting neutrality on the charts. It has a monthly return ratio of -21.28% and 117.89% yearly.</p> 
<p>The pair of CORE/BTC is at 0.0000278 BTC, and the market cap is $1.64 Billion. Analysts have maintained a neutral rating and suggest that the <strong>CORE price</strong> may register a breakout above the $2 mark soon.</p> 
<p>Analyst said in a tweet that, the <strong>Core token</strong> is poised for a rise and will stretch the rebound above the $2 mark soon.</p> 
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24CORE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$CORE</a>: 1 of my big bets for BTC ecosystem plays this cycle, I think that overall this looks decent. Would expect this to grind down just a little bit to some of the EMAs on the 4h around $1.75 (or $1.80) and bounce from there. Still think this is a strong project and you can DCA <a href="https://t.co/RVRMltkczE">pic.twitter.com/RVRMltkczE</a></p>— Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1791329737094443199?ref_src=twsrc%5Etfw">May 17, 2024</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center> 
<p class="has-text-align-center">Source: Twitter</p> 
<h2 class="wp-block-heading" id="strong-core-core-triggered-pullback-price-action-outlook-strong"><strong>Core (CORE) Triggered Pullback: Price Action Outlook</strong></h2> 
<p><strong>CORE </strong>has crossed the 38.2% Fibonacci level and sustained gains above the mid bollinger band.</p> 
<p>Moreover, the token might reflect <strong>sharp bullish momentum</strong> and will surpass the $2 mark soon. Recently, the token has flipped from the demand zone of $1.20 and escaped the key moving averages.</p> 
<p>The Momentum indicator (Relative Strength Index) curve stayed near the midline region and witnessed a positive divergence on the charts.</p> <iframe loading="lazy" title="Santiment Chart: Price (CORE), Volume (CORE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=core-dao&amp;pt=CORE&amp;df=2023-10-30T00%3A00%3A00.000Z&amp;dt=2024-05-09T00%3A00%3A00.000Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D" scrolling="no"></iframe> 
<p class="has-text-align-center">Source: Santiment</p> 
<p>Ranked at 59 per the market capitalization, the <strong><a href="https://www.thecoinrepublic.com/2024/05/11/can-it-demonstrate-a-rally-amidst-optimistic-news-around-core-chain/" target="_blank" rel="noreferrer noopener">Core token (CORE)</a></strong> depicted a surge in the trading volume over 23.78% and significant buying momentum was noted.</p> 
<h3 class="wp-block-heading" id="strong-what-does-price-volatility-and-weighted-sentiment-data-indicate-strong"><strong>What Does Price Volatility and Weighted Sentiment Data Indicate?</strong></h3> 
<p>Per the Santiment data, the<strong> price volatility data</strong> remained flat and is signifying low investor interest.</p> 
<p>Going forward, followed the price rebound, the price volatility spiked over 11.29% to&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (CORE), Weighted sentiment (Total) (CORE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=core-dao&amp;pt=CORE&amp;df=2023-10-30T00%3A00%3A00.000Z&amp;dt=2024-05-09T00%3A00%3A00.000Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&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 class="has-text-align-center">Source: Santiment</p> 
<h3 class="wp-block-heading" id="strong-could-social-sentiments-trigger-pullback-strong"><strong>Could Social Sentiments Trigger Pullback?</strong></h3> 
<p>The social volume data of the <strong>CORE token</strong> displays a significant spike, highlights that investors have begun to showcase their interest. This week, a surge over 56% to 118 mark was noted, representing the spike in the discussion reports.</p> <iframe loading="lazy" title="Santiment Chart: Social Volume (CORE), Twitter Followers 7d (CORE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=core-dao&amp;pt=CORE&amp;df=2023-10-30T00%3A00%3A00.000Z&amp;dt=2024-05-09T00%3A00%3A00.000Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_volume_total%3Btwitter_followers_7d&amp;wax=0%3B1&amp;wc=%2368DBF4%3B%23FF5B5B&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p class="has-text-align-center">Source: Santiment</p> 
<p>On the contrary, the<strong> X followers data</strong> represents the follow on decline and is signifying the lower interest.</p> 
<h3 class="wp-block-heading" id="strong-futures-open-interest-data-insights-strong"><strong>Futures Open Interest Data Insights</strong></h3> 
<p>The futures open interest data of the <strong>Core token (CORE)</strong> highlights the fresh long buildup activity, which might lead the rebound ahead.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="230" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-217-1024x230.png" alt="CORE Price" class="wp-image-205982" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-217-1024x230.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-217-300x67.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-217-768x172.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-217-750x168.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-217-1140x256.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-217.png 1439w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div> 
<p class="has-text-align-center">Source: coinglass</p> 
<p>The open interest spiked over 5.78% to $25.10 Million in the last 24 hrs, and the buyers have attempted in stretching the pullback and are looking for a significant reversal.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The <strong>Core token (CORE) price </strong>rebounded from the bottom mark of $1.20 reflecting bullish momentum. Moreover, the token might stretch the recovery ahead and will outperform in the next sessions.</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>

CORE Price Prediction: Can Bulls Win Over Bears, What’s Next?

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