CORE price hit a 52-week high of $4.18, marking a notable 30% intraday increase.
In the fourth week of March, #Core coin showcased a robust recovery, bouncing back from the $0.530 support level and achieving an impressive 547% rally within two weeks, reaching $3.50.
The recent surge in CORE's price is primarily attributed to the launch of coreBTC by Core DAO.
Analysis of higher time frames indicates the formation of a bullish reversal pattern called a rounding bottom.
#CORE had been trading within an ascending parallel channel since September 2023 but broke out from the channel on March 27.
If the market maintains the price above the $3.000 resistance level, bullish momentum is expected to drive the price towards the upper resistance level of $4.50 by the end of the month.
Currently, #CORE is trading within a critical horizontal and Fibonacci resistance zone at $4.50.
According to Coingabbar's analysis, A potential trend reversal might lead to a price decline towards the $2.90 support level in the coming weeks, or even correct to $2.
KEY LEVELS :
RESISTANCE LEVEL : $4.5000-$7.0000
SUPPORT LEVEL : $2.8000-$1.7000
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.
