Bitcoin

Reversal

Billion

The post <a href="https://coinpedia.org/price-analysis/core-price-reversal-aims-a-new-all-time-high-beyond-5/">CORE Price Reversal Aims A New All-Time High Beyond $5</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Despite the massive sell-off spree in the altcoins segment, the CORE price trend shows a massive surge. Swimming against the tide, the altcoin ranks amongst the top performers in the last 24 hours. 
With the Bitcoin price back at $66,200, investors are looking for underrated altcoins, and the CORE price jump signals a similar approach in the market. As the rising demand leads to a massive jump, let’s determine if the altcoin will create a new all-time high.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/04/02160747/image-33-1024x509.png" alt="" class="wp-image-286158" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/02160747/image-33-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/04/02160747/image-33-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/02160747/image-33-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/04/02160747/image-33-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/04/02160747/image-33-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/04/02160747/image-33.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<a href="https://www.tradingview.com/x/7gUTaHr7/">TradingView</a> 
With a bullish turnaround in February, the CORE price rally gains momentum, fueling the ongoing rally. The bullish trend accounts for a 244% jump last week and continues with a 19.62% jump this week.&nbsp;&nbsp; 
Currently, the altcoin trades at $3.1175 as it surpasses the $3 mark, and the market cap reaches the $2.74 Billion mark. Moreover, the surge in the trading volume of 60% supports the ongoing rally, increasing the chances of an uptrend continuation.&nbsp; 
Looking at the entire chart, the bullish reversal creates a rounding bottom pattern with a neckline at an all-time high of $5. As a crucial resistance to psychological importance, the $5 breakout will be a bullish pivot for the CORE price trend.&nbsp; 
Technical indicators: 
Stochastic RSI indicator: The bullish reversal in CORE led to a revival in the stochastic relative strength. This leads to a bullish crossover in the K and D lines already sustained in the overbought zone.&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-core-price-surpass-5">Will the CORE Price Surpass $5?</h2> 
As per the Fibonacci levels, the ongoing rally crosses above the 50% Fibonacci level, reflecting a trend reversal. Considering the growing momentum, the CORE price could easily hit the $5 mark this month.&nbsp; 
If the reversal rally surpasses $5, the price action analysis expects a bull run to the next psychological barrier of $10. Additionally, the 1.618% Fib level at $8 could be an in-between pit stop.&nbsp;

CORE Price Reversal Aims A New All-Time High Beyond $5

Indice dei contenuti

CoinPedia News

Altri articoli pubblicati su 2 apr 2024

Potential Surge On Borroe Finance Invites New Funds From Filecoin And BONK Holders

6 Altcoins To Buy For $1 Million Portfolio By The End Of 2024

Hedge Fund Manager Mark Yusko Predicts $150,000 Bitcoin By End of Year, Spurred By Halving

Celebrity-Backed Memecoin Plummets After High-Profile Presale

Lido Staked Ether Down More Than 4% Within 24 hours

W Token Roadmap Released with Key Details

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!