Core （CORE） recently bounced back from its demand zone, resulting in a nearly 27% jump. Despite the positive social metrics, the short-term trend outlook remains negative, and the crypto faces several hurdles to achieve a bullish reversal.
Points
- CORE rebounded 27% from the demand zone.
- Positive social sentiment has been observed.
- The crypto still faces challenges to reclaim bullish territory.
- Key levels include surpassing $1.5 and avoiding a drop below $0.8.
Core （CORE） experienced a significant rebound, jumping almost 27% after hitting the demand zone. This surge indicates that bulls are returning to defend lower levels, despite recent market weaknesses that dragged CORE below the $1 mark. At press time, CORE was trading around $1.04, reflecting a 5.4% intraday decline.
Social Sentiments on the Rise
Recent data from Santiment highlights an upward trend in social dominance and sentiment curves, indicating growing user participation and potential demand. Increased activity on platforms like X and Telegram may further boost interest in CORE.
Will CORE Recover or Fail Again?
To move towards a bullish reversal, CORE needs to surpass the critical $1.5 resistance level and stay above the 200-day EMA. However, if it falls below $0.8, it could decline towards $0.5. The short-term trend remains bearish, with social metrics providing a glimmer of hope.
解説
- CORE’s recent price movement shows potential buyer interest at the $0.80 demand zone.
- Positive social metrics suggest growing community engagement, which could drive demand.
- Critical resistance levels include $1.5, while key support levels are at $0.8 and $0.5.
- Sustained buying momentum is essential for a bullish reversal.