Breaking: $CORE Spike 19% Amidst Breaking From A Falling Wedge The price of Satoshi Core ( MIL:CORE ) broke our of a falling wedge delivering 19% in gains today.
The asset has since being in a falling wedge pattern ever since it surge to $2 in late November, 2024. This price correction led to about 84% loss in market value. However, recent price action posits that MIL:CORE is gearing up for a breakout with about 200% gain in sight.
With increasing momentum as hinted by the RSI at 69, MIL:CORE could be on the cusp of a breakout. Similarly, data from Defilama shows a growing ecosystem in the CORE blockchain, with about $549.72 Million locked in Total value lock (TVL) in DeFi.
What Is Core (CORE)?
Core (CORE) is built as an L1 blockchain that is compatible with Ethereum Virtual Machine (EVM), therefore it can run Ethereum smart contracts and decentralized applications (dApps). The Core network is powered by the “Satoshi Plus” consensus mechanism, which secures the network through a combination of delegated Bitcoin's mining hash and delegated Proof-of-Stake (DPoS). The protocol is backed by its native token, CORE.
Core Price Live Data
The Core price today is $0.598662 USD with a 24-hour trading volume of $58,909,857 USD. Core is up 19.65% in the last 24 hours. The current CoinMarketCap ranking is #88, with a market cap of $598,189,722 USD. It has a circulating supply of 999,210,618 CORE coins and a max. supply of 2,100,000,000 CORE coins.
COREUSDT
Core Surge 12% Today Amidst Breaking Out From Falling WedgeThe Price of Satoshi Core ( MIL:CORE ) a L1 blockchain that is compatible with Ethereum Virtual Machine (EVM), saw a 12% uptick today after it broke out of a falling wedge pattern, eyeing a 50% surge amidst broader crypto momentum.
Satoshi core ( MIL:CORE ) since listing has been thriving lately and manage to withstand the sellers even after mainnet airdrop tokens were distributed. Core blochain has been thriving lately that it keeps striving to solve the blockchain trilemma in the crypto world.
Further accrediting to MIL:CORE 's authenticity, data from DeFilama shows about $545.2 Million has been locked in Total Value Lock (TVL) in the CORE ecosystem. This fundamental shows a growing interest and trust in the CORE ecosystem.
Technical Outlook
As of the time of writing, MIL:CORE is up 3% consolidating after the brief 12% sojourn. The 4-hour price chart shows a tendency for MIL:CORE to pull a 50% stunt in the short term as the market stabilizes. The RSI at 67 further hints at a trend continuation pattern as traders are looking for a clear-cut entry on the MIL:CORE chart.
What Is Core (CORE)?
Core (CORE) is built as an L1 blockchain that is compatible with Ethereum Virtual Machine (EVM), therefore it can run Ethereum smart contracts and decentralized applications (dApps). The Core network is powered by the “Satoshi Plus” consensus mechanism, which secures the network through a combination of delegated Bitcoin's mining hash and delegated Proof-of-Stake (DPoS). The protocol is backed by its native token, CORE.
Just In: $CORE Surges 15% Becoming The Top Performing AltcoinAlbeit the bloodbath besieging the crypto market, one asset stood tall defying market odds surging 15% today with about 86.58% increase in 24 hours volume. "CORE" or Satoshi Core is a L1 blockchain that is compatible with Ethereum Virtual Machine (EVM), therefore it can run Ethereum smart contracts and decentralized applications (dApps).
With increased volatility today, MIL:CORE stood different surging 15%. The asset still has room for a continuation trend as hinted by the RSI at 59.
In the case of cool-off, the 38.2% Fibonacci retracement level is a suitable point for consolidation further selling pressure could push it lower to the 1-month low axis. Similarly, should MIL:CORE break above the 1-month high pivot, the $1 resistant will be feasible, therefore, attainable.
Core Price Live Data
The live Core price today is $0.476759 USD with a 24-hour trading volume of $71,813,902 USD. Core is up 13.98% in the last 24 hours, with a live market cap of $476,107,555 USD. It has a circulating supply of 998,633,921 CORE coins and a max. supply of 2,100,000,000 CORE coins.
#CORE/USDT#CORE
The price is moving within a descending channel on the 1-hour frame and is expected to continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support area at the lower boundary of the channel at 0.3780.
Entry price: 0.3947
First target: 0.4070
Second target: 0.4200
Third target: 0.4337
#CORE/USDT / Ready to go up#CORE
The price is moving in a descending channel on the 4-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.7800
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.9632
First target 1.05
Second target 1.13
Third target 1.25
Core DAO ($COREUSDT): Daily Chart - Bullish Momentum SetupI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
Core DAO ( OKX:COREUSDT ): Daily Chart Analysis for a Bullish Momentum Setup
Trade Setup:
- Entry Price: $1.3700 (Activated)
- Stop-Loss: $0.8576
- Take-Profit Targets:
- TP1: $2.5710
- TP2: $3.3331
Fundamental Analysis:
Core DAO ( OKX:COREUSDT ) is gaining traction as a blockchain platform focused on decentralized autonomous organizations (DAOs). Built to empower community-driven projects, MIL:CORE has seen increased adoption due to its robust governance model and efficient transaction capabilities. The platform’s ability to attract DeFi and dApp developers is driving its growth in the blockchain space.
With its focus on decentralization and governance, OKX:COREUSDT is well-positioned to capitalize on the growing interest in DAO-driven ecosystems. Recent network upgrades have bolstered confidence in its scalability and reliability.
Technical Analysis (Daily Timeframe):
- Current Price: $1.3720
- Moving Averages:
- 50-Day SMA: $1.1500
- 200-Day SMA: $1.0500
- Relative Strength Index (RSI): Currently at 66, signalling strong bullish momentum.
- Support and Resistance Levels:
- Support: $1.2000
- Resistance: $1.5000
The daily chart highlights a breakout above the $1.3000 resistance level, supported by increasing volume. The bullish continuation pattern suggests further upside potential toward the first take-profit target of $2.5710, with a long-term target at $3.3331.
Market Sentiment:
OKX:COREUSDT has witnessed a surge in trading volume, reflecting growing market interest. The token's association with emerging DAO projects and recent ecosystem partnerships have contributed to positive sentiment and increased investor confidence.
Risk Management:
The stop-loss at $0.8576 limits downside exposure, while the take-profit targets offer exceptional reward potential. TP1 provides an 88% return, while TP2 offers a 143% gain, making this setup ideal for swing traders aiming to capture significant upside.
Key Takeaways:
- OKX:COREUSDT is breaking out with strong bullish momentum, driven by growing adoption and ecosystem development.
- The trade offers excellent risk-to-reward ratios, suitable for both swing and long-term trading strategies.
- Discipline in execution is key to navigating potential market volatility.
When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
Core (CORE)Core is built as an L1 blockchain that is compatible with Ethereum Virtual Machine (EVM), therefore it can run Ethereum smart contracts and decentralized applications. The Core network is powered by the “Satoshi Plus” consensus mechanism, which secures the network through a combination of delegated Bitcoin's mining hash and delegated Proof-of-Stake.
Anyway, CORE been in a downtrend from birth. After CORE broke the downtrend line, CORE moved into an ascending channel, and recently CORE broke this channel with momentum and now reaching the first horizontal resistance area. Core probably rest at this area for a while; if break this area, further upward movement is possible. Let's see what happens.
CORE LongCORE/USDT Long
Reason:
Breakout of Trendline With Volume.
Broke major resistance and resting on it as support.
All indicators suggesting a strong bullish momentum.
initialization of next impulse.
Stoploss is 4H candle closing below 0.839
OKX:COREUSDT
BYBIT:COREUSDT
BYBIT:COREUSDT.P
MEXC:COREUSDT
MEXC:COREUSDT
$CORE :: Indicate SELL & BUY LEVELSCore (CORE) is built as an L1 blockchain that is compatible with Ethereum Virtual Machine (EVM), therefore it can run Ethereum smart contracts and decentralized applications (dApps). The Core network is powered by the “Satoshi Plus” consensus mechanism, which secures the network through a combination of delegated Bitcoin's mining hash and delegated Proof-of-Stake (DPoS). The protocol is backed by its native token, CORE.
#CORE/USDT#CORE
The price is moving in a bearish channel on the 4-hour frame and is largely sticking to it
The price rebounded well from the green support area at the 1.50 support level, which is a strong level
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold resistance on the RSI indicator to support the rise with an uptrend
Entry price is 1.60
The first goal is 1.84
Second goal 2.10
Third goal 2.40
COREUSDT Immediate target = $10.00Core DAO (COREUSDT) declined after a remarkable +735.93% rise buy found Support on the 1D MA50 (blue trend-line). Yesterday posted its 2nd strongest green 1D candle in history and when the 1D RSI breaks above its MA trend-line, we expect the new Bullish Leg to be confirmed. Our Target is $10.00, which represents another +735.93% rise from the bottom.
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Core Bullish Run with Weekly BreakoutCore (Coreusdt) has exhibited a bullish sign with a breakout in the weekly time frame. Currently trading at $1.26, the next resistance level lies at $1.51 .
A successful breakout above $1.51 could see the Core surge further to $2.54 .
On the downside, potential support sits at $1.00 in case of a pullback.
CORE SEEMS TO ENTER A NEW BUILDING TREND (CYCLE)Based on our study, CORE appears to be experiencing a significant upward trend, suggesting potential for further growth.
CORE is showing interesting indicates data trends both technically and in terms of data analysis.
we will follow its progress to see if it reaches the $1.11 mark soon.
we will continue to monitor CORE for any new updates. The current cycle for this coin cycle began at $0.58 and it's already gaining traction.
note that this update is not trading advice.