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The Core price has surged 14% in the last 24 hours to trade at $2.52 as of 12:40 a.m. on a 152% surge in trading volume to $239 million
According to Cryptobubbles, Core is the biggest monthly gainer after skyrocketing 321%. This surge has pushed it into the top 100 cryptocurrencies by market capitalization with a value of $2.15 billion.
Core Price Bulls Indicate Resilience On 200 SMA Support
The Core price indicates a rebound after the decline from its all-time high following a prolonged downtrend. The support zone at $1.37 has empowered bulls to drive the price to a $2.4 resistance point.
COREUSDT Analysis. Source: Tradingview.com
Despite the rejection, the bullish investors have proven resilient, rebounding on the support level at $1.86 support zone to recover the losses accrued.
The technical indicators are all bullish, as the bulls have pushed the price above the 50 and 200 simple moving averages (SMAs) on the 4-hour chart, with the 50 SMA acting as immediate support for the Core price. However, increased momentum may push the price higher to reclaim its all-time high (ATH) at $6.14.
The Relative Strength Index (RSI) is also on a general uptrend, indicating a rebound at 43 below the midline level of 50 to around 61. If momentum continues to increase, we could see the RSI entering the overbought zone, confirming the ongoing rally.
Core Price Poised For Another Bull Rally
The Core price indicates a general upward trend. The support zone at $1.86 catalyses the bullish momentum, helping the bulls drive the price higher to reclaim the All-Time High (ATH).
However, if bears regain control, the price could slip back to the 50 SMA, retracing towards the support level of $1.3730, which coincides with the 200 SMA.
A Promising Alternative
As the Core price continues to regain ground, investors are busy buying Slothana (SLOTH), which will soon be listed on tier-one exchanges.
Slothana (SLOTH) is looking to follow in the footsteps of meme coins like SLERF, PUMP, PUNDU, and BOME, which have introduced a new, creative launch method on Solana.
The approach is simple: buyers send SOL to a specific token address, and then the team airdrops the tokens directly to their wallets at the end of the presale.
🌿💰 Prepare for the rise of Slothana! With our coffers overflowing, it's time to embark on a Sloth crusade to establish a global empire. Slothana's reign is imminent. ⚔️ Anyone who stands in its way will face the wrath of the holy Slothana army! 🚀🦥 #SlothanaEmpire… pic.twitter.com/TyFjlJTL8q
— Slothana (@SlothanaCoin) April 11, 2024
With crypto influencers predicting a 100X surge for Slothana after its launch, there’s a lot of buzz surrounding its potential.
Slothana’s presale has already raised more than $10 million. If you are considering participating, now is the best time because when a presale is extended after selling out, they sometimes are closed early.
🌿📜 And on the eleventh day before the grand unveiling, Slothana spoke unto its disciples, saying: 'Behold, the countdown draws ever nearer to its end.' 🚀 Let us remain steadfast in our slothful anticipation, for soon shall come the epoch of Slothana's glory. 🦥💫… pic.twitter.com/i88c7aDdv6
— Slothana (@SlothanaCoin) April 18, 2024
You can swap SOL for SLOTH using a widget on the official website. Just enter the amount of SOL you’d like to exchange, click ‘buy now,’ choose your wallet, and finalize the transaction.
You can buy Slothana here. One SOL buys 10,000 SLOTH tokens.
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