- The price of CORE Network is trading at the price of $0.885441. The coin’s price declined by -0.70% in the last 24 hours.
- The Network price is observing an increase of -11.61% in the last 7 days.
- The market capitalization of CORE Network is $122514481.
Trend Evaluation
By evaluating the price data of CORE Network, we can say that it is in a downtrend at the moment. The price inclined by 0.76% in the last seven days and we can say that the CORE Network is underperforming right now. From its peak price of $6.14, it fell -85.54% in the last 4 months and demolished the investors’ wealth. Although the current market sentiments are not good and there is no big volume or buyers available in the current market condition.
CORE Network Technical Analysis
EMA
The price of CORE Network slipped below 50 and 200 EMA. It suggests that the price is in a bearish trend. If the bears continue to push the price downwards, it could fall more in value in the upcoming week if current support will be destroyed by the sellers.
RSI
The RSI line has been moving in the oversold zone. The RSI line is around 46.73. The 14 SMA has a value of 43.07 points. This indicates that the CORE market is in the oversold zone.
MACD
Right now, MACD is giving bearish views. The MACD line is below the signal line and both the MACD line and the signal line are beneath the zero line hinting the bearish sentiments about the price.
Trendline Analysis
The price respects the current trendline but if it breaks the current trendline then the price of the CORE Network can continue to fall up to the next support. If it breaks the next support, it can go down more.
Volume Analysis
The CORE trading volume of 24 hours is $6642867 with a 4.30% increase in volume in the last 24 hours. There is no tremendous boost in the volume of the coin.
Technical Levels
- Support – The current support level of the CORE Network is $0.67.
- Resistance –The current resistance level of the CORE Network is $1.4.
Conclusion
CORE Network is facing a tough time in the market. According to the present data and analysis, we can say that it is in the bear’s control. The price action suggests that the price may fall more in the near future. and the reason behind this is that This will, happen because the price broke its major trendline support level. CORE Network’s price presently shows a pessimistic scenario at the moment. Major reliable indicators like EMA, RSI, and MACD give negative signals about the CORE Network coin. The fear is growing among investors because of the poor performance of the coin. The recovery signs are also not visible on the coin.
Disclaimer
The analysis given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in crypto is a risky task. Please consider your circumstances and risk profile before making any investment decisions.
