Core’s price surged 14% in the past 24 hours, trading at $2.52, and trading volume surged 152% to $239 million as of 12:40 am. Core is the biggest monthly gainer, up 321%, according to Cryptobubbles. The gains pushed it into the top 100 cryptocurrencies by market cap, with a market cap of $21.5 billion.
Core price bulls show that the 200 SMA support is strong. Core price has rebounded after a long decline. The $1.37 support area gives bulls a strong push to push the price up to the $2.4 resistance point.
Despite the rejection, bullish investors showed resilience and bounced back at the $1.86 support area to recover the losses incurred.
Technical indicators are all bullish as the bulls have pushed the price above the 50 and 200 Simple Moving Averages (SMA) on the 4-hour chart, with the 50 SMA acting as an immediate support for the core price. However, the increased momentum could push the price further up to reclaim its all-time high of $6.14.
The Relative Strength Index (RSI) is also trending generally upward, indicating a rebound from the midline level below 43 to around 61. If the momentum continues to increase, we may see the RSI move into the overbought zone, confirming the ongoing rally.
Core price is poised for another bull rally. Core price is in an overall uptrend. The $1.86 support area catalyzed the bullish momentum, helping bulls to push the price higher to recapture the all-time high.
However, if the bears regain control, the price could slide to the 50 SMA and retrace to the $1.3730 support level, which is in line with the 200 SMA.
As the core price continues to recover, investors are busy buying Slothana (SLOTH), which is about to be listed on top exchanges. Slothana (SLOTH) is planning to follow the new creative issuance methods launched on Solana by memecoins such as SLERF, PUMP, PUNDU, and BOME.
The method is simple: buyers send SOL to a specific token address, and the team then airdrops the tokens into their wallets.
With cryptocurrency influencers predicting that Slothana will rise 100x after its launch, there has been a lot of buzz surrounding its potential.
Slothana’s presale has already raised over $10 million. If you’re considering participating, now is the best time, as presales sometimes close early when they’re extended after selling out.
You can exchange SOL for SLOTH using the widget on the official website. Simply enter the amount of SOL you want to exchange, click "Buy Now", select your wallet, and complete the transaction.
One SOL can purchase 10,000 SLOTH tokens.