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)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/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 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 Technical Analysis in 12-Hour Timeframe.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
MIL:CORE has shown a decent rebound of 93%, forming a support trendline, and it is currently holding another support at $1.269.
If MIL:CORE rebounds from the CMP and breaks above the resistance trendline, then the primary support at $1.269 will be strong, and we will see a bullish rally, possibly a 30x gain in the altseason.
However, a breakdown will cause some trouble with the price, dropping it to the support trendline (a decent opportunity to fill MIL:CORE in your altcoin bag).
Key levels:
- Primary Support/Entry 1: $1.269.
- Lower Support/Entry 2: $0.9636.
- Resistance: $1.515.
- Long-term Target: $4.37 (30x).
- Invalidation Point: A close below the support trendline.
DYOR, NFA.
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#PEACE
$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.
Top USD trades to watch ahead of Core PCE Data release The Federal Reserve’s preferred inflation gauge, US Core PCE (Personal Consumption Expenditure) Price Index MoM, is released at the end of the coming week. This means some USD trades could present themselves.
But first, a quick recap on why the Core PCE Price Index matters and why it is the Fed’s preferred gauge:
Unlike the more familiar Consumer Price Index (CPI), which uses a fixed basket of goods and services, the Core PCE offers a snapshot of consumer spending with a flexible and broader basket of goods and services that adapts to changes in consumer behavior. Importantly, it excludes volatile food and energy prices though. It is thus argued that the Core PCE provides a clearer view of underlying inflation trends.
Some trading opportunities might exist in the EUR/USD and USD/CAD. The Euro Area’s Inflation Rate (Flash) data is due a few hours before US PCE, while Canada’s GDP Growth data is released at the exact same time as US PCE.
#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
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.
GOLD|Important areas of supply and demandHello friends, I hope you are well.
We have the gold chart in the one-hour time frame.
Yesterday we said that we will wait if the support zone is broken down, the next target is the zone (2005-2008).
Now in this area, with the formation of candlestick patterns, it has moved upwards.
The areas that are important for us are the bottom of the previous broken area (2013) and the next area of the origin of the downward aggressive movement, i.e. the price range (2024-2028) for sell positions.
If we lose the support area (2008-2005), our next target is the support area (1990-1995).
CORE: $ 1.30 | a re birth of BLOCKCHAiN best practices put into securing the blockchain
you got proof of work and proof of stake
to secure network scalable which devs can play around with exotic projects
not so much coverage
in fact nobody talks about this
only a handlful
as float is maintained at minimum
just so to dress up back to all time levels
in time for BTC's halving and WEB 3 Ai Metaverse Greater Bull Runs
Bullish Divergence 4h COREObvious Bullish Divergence 4 CORE, we are at the bottom.
Remember price cannot go lower than 600 and the floor will be over 1000 next week. This is maximum opportunity.
Litecoin (LTC) Core 0.17 will make it x10 cheaperFollowing our previous idea on Litecoin, where Blockstream announced about the LTC potentially joining the Liquid network, now there are even more good news.
Litecoin client release is on its’ way, which was announced on the official Medium blog page of the Litecoin Foundation. LTC Core 0.17 will introduce a faster and cheaper Litecoin, with a very low transaction costs, which can be compared of that in 2015.
Below is the quote of the official announcement:
"The average transaction fee as it stands on the network is L0.001 per KB or ~$0.05. With the announced changes that will soon become L0.0001 per KB or ~ $0.005, half a cent and back at 2015 levels."
This is huge for the Litecoin, because transaction costs will be literally reduced by x10. It’s actually almost inline with the recent Monero announcement, where they recently reduced the transaction cost by 97%.
The reaction to the news announcement was taken very positively by the market. You may ask how come?; LTC hasn’t gained much, in fact, its moving very slowly!
But let’s take a closer look at the price development. According to our previous idea on LTC/BTC, Litecoin has reached the support level at 427.2% Fibonacci retracement level, rejected it and started to move north. By looking at the chart, it is clear that LTC/BTC has produced a double bottom near the etc 0.007 area. After the price bounce, it reached the and broke move the 23.6% fibonacci resistance, which currently acting as the support. The RSI oscillator trigged a buy signal while breaking above the downtrend trendline.
So far price action is being very positive, while showing the potential for more growth. As long as Litecoin remains above the 0.00795 support, bullish momentum should be increasing. At some point price will reach the 0.008 resistance area, and if broken, next stop will be near btc 0.009. But in any case, investors will be paying attention to the etc 0.0076 support, where double bottom has been formed. If support will be taken out, LTC can drop down to 0.0073 area.
Nevertheless, the timing for buying LTC could be just about right for some investors. And combined with a relatively cheap price, large buyers might start getting involved in LTC trading. As the downtrend is dominated, the risk will remain very high, although the rewards could be much higher. Please do not consider this article as a call to buy LTC, but look at it as a map, which may help you to trade Litecoin more effectively.
CORE MARK trade opportunityThis week watch list: CORE MARK
Price will go down (bearish enguling) and stochastic will go in oversold area.
To buy once stochastic will come out level 20.