CORE price has demonstrated a notable 25% increase in its portfolio within the last two days, signaling a significant uptrend.
Trading comfortably above its pivot point of $2.30, Core indicates a prevailing bullish sentiment in the market.
On the 4-hour chart, Core's price movement is exhibiting an upward trajectory supported by an Ascending Trendline.
Technical analysis of the four-hour chart suggests a potential continuation of the ongoing rally towards the $2.71 level, resembling a triple-top pattern.
If Core manage to break above the resistance level of $2.71, it may experience further bullish momentum, potentially testing the upper resistance level at $3.50.
According to Coingabbar's analysis, Conversely, a bearish reversal in the market could prompt Core's price to retreat towards its support level of $1.90, indicating a shift towards bearish trading conditions.
KEY LEVELS :
RESISTANCE LEVEL : $2.9000-$3.8000
SUPPORT LEVEL : $1.9000-$1.2000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
