Momentum Builds for CORE: Can It Sustain the 20% Climb?

• After gaining 20%, $CORE is trading around $0.48.
• The daily trading volume has soared by over 89%.

A brief bullish wave has begun riding across the crypto market, with assets gaining upward momentum. A steady push from the bulls could drive prices into the green zone. Meanwhile, $CORE has rebounded, posting a solid 20.58% jump.

The asset opened the day trading at around $0.4018. Later, $CORE broke through the crucial resistance zones between $0.4347 and $0.4913 and ascended to a peak of $0.5072.

At the time of writing, $CORE traded within the $0.4879 range, with its market cap reaching $159 million. Moreover, the asset’s daily trading volume has surged by over 89.80% and is resting at $66.11 million.

The asset has gained by over 10.82% in the last thirty days. $CORE began trading the month at $0.3507, and it hit the monthly high of $0.5124.

Is $CORE Set to Extend Its Bullish Run?

If the $CORE bulls reclaim the dominance, the price could climb toward $0.51. Upon clearing the crucial resistance zone, the asset might trigger to form a golden cross, pushing the price to rally toward $0.5306.

In the event of the bears taking charge of the asset, the price could likely fall back to the $0.4922 range. An extended downside correction of $CORE might drive the asset to retrace toward a low of $0.47.

The Moving Average Convergence Divergence (MACD) line is above the zero line, but the signal line is below, inferring that a bullish shift is building. Besides, $CORE’s Chaikin Money Flow (CMF) indicator at 0.20 signals that the money is flowing into the asset, with the possibility of more upside.

Moreover, the Bull-Bear Power (BBP) value of 0.0946 indicates that bulls have a slight dominance in the market. The asset’s daily relative strength index (RSI) at 67.32 suggests that $CORE is nearing the overbought territory.

Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.