when

Resistance

Coreum

<ul class="list-ic vertical">
 <li><span>1</span> <a>Coreum price came under strong selling pressure from the upper supply zone and loomed near the monthly low.&nbsp;</a></li>
 <li><span>2</span> <a>The coreum price currently trades at $0.139 reporting a positive intraday development of 2.80%.</a></li>
</ul>
<p>The Coreum price jumped higher intraday from the monthly low value indicating the presence of buyers at the lower levels. At the time of writing, the COREUM price was up nearly 2.80% and was trading close to $0.139.&nbsp;</p>
<p>Earlier this week also, the crypto experienced a buying from the same monthly low value. However, the bullish momentum faded away when the price hit the 20 day EMA. The price dropped to the same demand zone after a strong bearish candle was noted on the daily chart.</p>
<p>On the higher side, the 20 day and 50 day EMAs are acting as dynamic resistance levels and are preventing the price from drawing further upward trajectory. The bulls need to surpass the dynamic resistance to reverse the short term trend.&nbsp;</p>
<p>Furthermore, the short term trend has turned slightly bearish after a continuous selloff from the recent supply in the last few weeks. However, there is still some hope left for the bulls as the coreum price still hovers above the monthly low value which is also the recent demand zone.</p>
<h2 class="wp-block-heading" id="strong-coreum-crypto-volatility-analysis-strong"><strong>Coreum Crypto Volatility Analysis</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (COREUM), Price Volatility 1w (COREUM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=coreum&amp;pt=COREUM&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;dt=2024-03-22T18%3A29%3A59.514Z&amp;sat=shchcfg_0fkcqXWOckcn&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bprice_volatility_1w&amp;wax=0%3B1&amp;wc=%2333bd5d%3B%23FF5B5B&amp;ws=%7B%22node%22%3A%22area%22%7D%3B" scrolling="no"></iframe>
<p>The volatility of coreum crypto measures the fluctuation in the price. The above chart describes a contrast between the price and volatility metrics. As per the chart, volatility surged in the first two weeks of March as the price gained traction.&nbsp;</p>
<p>However, the volatility along with the price, dropped in the later weeks of March 2024. The drop in volatility highlights the stability of the crypto at the CMP.</p>
<h2 class="wp-block-heading" id="strong-coreum-crypto-social-users-are-increasing-strong"><strong>Coreum Crypto: Social Users Are Increasing!</strong></h2> <iframe loading="lazy" title="Santiment Chart: Social Dominance (COREUM), Social Volume (COREUM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=coreum&amp;pt=COREUM&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;dt=2024-03-22T18%3A29%3A59.514Z&amp;sat=shchcfg_0fkcqXWOckcn&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_volume_total&amp;wax=0%3B1&amp;wc=%235275FF%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The social dominance and social volume are the metrics that depict the current activity of the social users about the Coreum crypto. It includes the users over various social platforms like Telegram, X, Facebook etc.&nbsp;</p>
<p>The social volume and social dominance curve display a positive trajectory in the last couple of months indicating an increment in the number of users. The rise in the number of users suggests the increasing popularity and awareness regarding the crypto.</p>
<h2 class="wp-block-heading" id="strong-technical-indicators-implying-a-mixed-outlook-strong"><strong>Technical Indicators Implying A Mixed Outlook</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (COREUM), RSI 1d (COREUM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=coreum&amp;pt=COREUM&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;dt=2024-03-22T18%3A29%3A59.514Z&amp;sat=shchcfg_0fkcqXWOckcn&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Brsi_1d&amp;wax=0%3B1&amp;wc=%23317945%3B%234f60ce&amp;ws=%7B%22node%22%3A%22area%22%7D%3B%7B%22__appliedInterval%22%3Atrue%2C%22interval%22%3A%221d%22%2C%22node%22%3A%22area%22%7D" scrolling="no"></iframe>
<p>From a technical point of view, the COREUM crypto showcases a neutral to bearish outlook as per the key exponential moving averages of 20 and 50 days. The <a href="https://www.thecoinrepublic.com/2024/04/11/uniswap-vs-sec-uni-price-falls-as-whales-dumped-20-million/" target="_blank" rel="noopener noreferrer nofollow">price</a> hovers below both the 20 and 50 day EMAs and both the EMAs are aligned in a bearish way.</p>
<p>At the time of writing, the RSI line was hovering close to 43.87 points and that of the SMA line was placed at 39.37 points. The RSI and SMA line have withdrawn below the mean line indicating a short term bearish outlook.</p>
<h2 class="wp-block-heading" id="strong-coreum-crypto-price-prediction-april-2024-strong"><strong>Coreum Crypto Price Prediction April 2024</strong></h2> 
<p><a href="https://in.tradingview.com/chart/COREUMUSDT/1eRv7E41-Are-Bulls-Gaining-Traction-In-Coreum-Price-Or-Bears-Keep-On/" rel="noopener noreferrer nofollow"> </a>&nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/" rel="noopener noreferrer nofollow"> </a> &nbsp; <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"> </a></p> 
<p>On the most optimistic note, Coreum crypto could gain to a high of $0.177 as the highest value in April if the bulls surpass the recent dynamic resistance of 20 and 50 day EMAs. On the other hand, the most pessimistic prediction of our analysts is $0.120 if it breaks below the recent support level of $0.133.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Coreum’s price has shown resilience, bouncing back from monthly lows, signaling buyer interest. At the time of writing, the Coreum price up by 2.80% and was trading around $0.139. The price faced resistance at the 20-day EMA, leading to a drop back to the demand zone.&nbsp;</p>
<p>Overcoming the 20 and 50-day EMA resistance is crucial for reversing the short-term trend bearish trend. Social metrics on platforms including Telegram and X show increased user activity, hinting at Coreum’s growing popularity. The positive view of our analysts, the Coreum price could rise to $0.177 in April if resistance is breached.</p>
<h4 class="wp-block-heading"><strong>Technical levels</strong></h4>
<ul>
 <li>Support Levels: $0.133 and $0.120</li>
 <li>Resistance Levels: $0.153 and $0.177</li>
</ul>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Are Bulls Gaining Traction In Coreum Price Or Bears Keep On?

İçindekiler

Thecoinrepublic.com

12 Nis 2024 tarihli diğer yazılar

Cardano Crash: ADA Down -17%, What's Happening to Cardano?

Binance Labs shifts focus to Bitcoin DeFi, MarginFi sees $200M of outflows: Finance Redefined

Unlocking Success with Automated Forex Trading Systems

Are brands Coping Up in Their Retail Operations with Increasing Consumer AI Adoption?

Market Speculation Points to Potential Altcoin Surge

Ethereum cryptocurrency dropped by 10% in bearish trading with a rebound.

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!