Crypto / CORE
CO
Core
$0.2179
+0.00%
Past 3months
Trading vol12.97M
Market cap221.6M
Fully Diluted Valuation457.6M
Total Supply2.094B
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tradecitypro
TradeCityPro | CORE: Watching Trendline and RSI for Next Move
👋 Welcome to TradeCity Pro! In this analysis, I’ll be reviewing the CORE token. This project is one of the DeFi infrastructure developers for Bitcoin and also runs its own Layer 1 blockchain. 💥 The token currently holds a market cap of $826 million and is ranked 86th on CoinMarketCap. ⏳ 4-Hour Timeframe As seen on the 4-hour chart, CORE is in an uptrend supported by an ascending trendline, with price consistently moving higher along it. ✅ In the last bullish leg, price only managed to retest the previous high around 0.8727 and is now undergoing a pullback. ⚡️ This shows signs of weakness in the bullish momentum. If the price fails to close above 0.8727 and drops back to the trendline, the risk of a trendline breakdown increases. 🔍 There’s also the potential for price to form equal highs and higher lows, forming an ascending triangle, which would favor a bullish breakout scenario. 🔑 Watch the RSI oscillator closely. Historically, every time RSI reached the 70 zone during a bullish move, the trend topped out and reversed. So if RSI manages to break above 70 this time, it could trigger a much stronger bullish leg. 📈 For a long position, potential entries include a breakout above 0.8727 or a bullish bounce off the ascending trendline. 🔽 For a short position, the first trigger would be a break of the trendline and activation of the 0.7560 support zone. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
12:07 PM · May 24, 2025
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