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Core (CORE) Token Price Prediction 2023-2025: Will CORE Hit $1 Soon?

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2024-08-08 03:12:40743browse

In the last 30 days, CORE token price has been trading in green for 13 days and in red 67% of the time. The Core DAO token’s market cap had advanced by 14% in the last 24 hours from press time.

Core (CORE) Token Price Prediction 2023-2025: Will CORE Hit  src=

The Core DAO token’s market cap had advanced by 14% in the last 24 hours from press time. This resulted in a market cap value of $908.024 Million, making it the 66th largest cryptocurrency in the global crypto market.

The token’s market cap dominance was 0.05%, and the traded volume was flat over the last 24 hours from the press time. This resulted in a value of $134.35 Million, which was 15.35% of the token’s market cap.

The top 10 holders of the Core DAO token held 93.06% of the total supply, and it had a total of 19.81M holders. Also, the number of holders has consistently advanced over the last few months.

In recent days, a decline in the token’s Total Value Locked was recorded, which resulted in $125.6 Million at press time. The token’s price was highly volatile, resulting in 13.75%, which might lead to uncertain spikes in the future.

Core DAO Token Derivatives Data Analysis

In the last 24 hours, shorts worth $110.57K were liquidated, against which only $59.08K longs were liquidated. This showed the buyers’ dominance in the price over the last 24 hours.

Moreover, a surge of 6.3% in the token’s open interest was recorded. This resulted in a rise in open positions of the token’s derivatives.

The derivatives volume of the token further declined by 38% in the previous 24 hours from the press time. This resulted in a traded value of $45.67 Million for the Core DAO token’s derivatives.

CORE Token Technical Analysis

A symmetric triangle pattern was formed on the token’s daily chart. It was followed by the rejection of the price from both directions and a dynamic trendline.

Additionally, the token price failed to sustain the higher levels and broke below the symmetric triangle pattern. This exhibited sellers’ dominance in the price over time. Also, the lower low swing points were formed on the chart.

The following price behavior further suggests the decline could extend to the coming days.

Core DAO Token Technical Indicators Analysis

The EMAs exhibited uncertain behavior as the price declined below the 200-day EMA. However, the 50-day and 200-day EMAs were still trading in a golden cross. If the price continues to decline to the lower level, we might see a death cross in the future.

CORE/USD Chart by TradingView

MACD indicator showed a strong sell signal as its metrics traded in a death cross and sustained a negative trajectory. The RSI has declined below 50 and hit the oversold zone. This exhibited a bearish cycle in the token price. It also declined below the 14-day SMA a few days ago.

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

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