Ethereum

Swing

The post <a href="https://coinpedia.org/price-analysis/corecorechain-price-analysis-can-the-renwed-buyer-interest-hold-the-price-above-1-9/">Core(CORECHAIN ) Price Analysis: Can The Renwed Buyer Interest Hold The Price Above $1.9?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
CORE, today up by 22.4% with a trading volume surge to 174.5 million (106 %). This is clearly after the Coinbase exchange announced the inclusion of listing CORE in its roadmap.&nbsp; 
Corechain is an EVM Compatible layer 1 blockchain, that supports Ethereum smart contract execution and development of DApps on its own.&nbsp; 
<h2 class="wp-block-heading" id="h-core-finds-bullish-pressure-at-key-support-zone">CORE Finds Bullish Pressure At Key Support Zone</h2> 
CORE breaks out of a bearish channel, finding a significant support zone at $1.5. This move can be seen as the potential the asset was collecting. If the Coinbase roadmap inclusion news hasn’t come out the rice would trade sideways for a while and slide up accordingly.&nbsp; 
When we see the CORE/USDT 1hr Chart, the price breached long-term resistances at $1.87 and $1.94 forming a new support zone underneath.&nbsp; 
The RSI near 72 is still under a neutral zone, forming a wave above the neutral zone in the long term. Typically, this RSI movement indicates a potential bullish or neutral asset rally.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/HC72mGK96jRV1XJVfwqft7QZRblaLSvellmCIUz7dyIJqwdh0IxUeQHjd1iz6uA5XoHpFoLr3x0349f0ppbjBF6ySz9Ry2LFvZIrS2Ki9mr0Y-KNVegRkvYICDHEwPHgNdIpZWmfMoNNIvwskNgEhUs" alt="">
</figure> 
We can also see the Volume moving in the same direction as the price, which is again a bullish symbol. The price action now shows increasing accumulation with neutral momentum.&nbsp; 
<h2 class="wp-block-heading" id="h-core-price-prediction-nbsp">CORE Price Prediction&nbsp;</h2> 
The price of Corechain (CORE) is now changing hands at $2.0. With the price moving above all the moving averages there is a trend to hold above SMA50 that will act as a strong support.&nbsp; 
Looking at the oscillators, which are all neutral and price heading above the MACD line gives us a balance moving ahead.&nbsp;Trend traders and Swing traders both can enter positions anywhere near $2 and expect a price rally to $3 in a few days.&nbsp; 
In contrast, if the buyers stop accumulating, we have 2 strong support zones, just hold yourself anywhere near the $1.86 level.&nbsp;

Core(CORECHAIN ) Price Analysis: Can The Renwed Buyer Interest Hold The Price Above $1.9?

Table of Contents

CoinPedia News

Other articles published on May 25, 2024

Ripple CTO David Schwartz Praises Chris Larsen as Company’s Key Figure

Vitalik Buterin Slammed by Bitcoin Maxi, but Erik Voorhees Comes to Rescue

Bitcoin White Paper Gets Restored on Bitcoin.org

Top Trending Cryptos on Solana Chain Today – Tars Protocol, Only1, FalconX

NSAV Provides Regulatory Compliance Update for NSAVx.com CEX Exchange

Will Pepecoin (PEPE) Price Yield A 10x-15x Rally in 2024?

Join our free newsletter for daily crypto updates!