Core DAO is Trading -22.39% Below Our Price Prediction for Oct 27, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Core DAO is down -3.01% today against the US Dollar
• CORE/BTC decreased by -2.70% today
• Core DAO is currently trading 22.39% below our prediction on Oct 27, 2024
• Core DAO dropped -9.84% in the last month and is up 142.67% since 1 year ago

CORE price is expected to rise by 30.00% in the next 5 days according to our Core DAO price prediction

is trading at $ 0.938445 after losing -3.01% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.72% in the same time period. CORE performed poorly against BTC today and recorded a -2.70% loss against the world’s largest cryptocurrency.

According to our Core DAO price prediction, CORE is expected to reach a price of $ 1.21 by Oct 27, 2024. This would represent a 30.00% price increase for CORE in the next 5 days.

CORE Price Prediction Chart

Buy/Sell Core DAO

What has been going on with Core DAO in the last 30 days

Core DAO has been displaying a negative trend recently, as the coin lost -9.84% in the last 30-days. The medium-term trend for Core DAO has been bearish, with CORE dropping by -33.39% in the last 3 months. The long-term picture for Core DAO has been positive, as CORE is currently displaying a 142.67% 1-year price change. On this day last year, CORE was trading at $ 0.386710.

Core DAO reached its all-time high price on Apr 01, 2024, when the price of CORE peaked at $ 4.17. The current CORE cycle high is $ 1.19, while the cycle low is at $ 0.796549. CORE has been displaying low volatility recently – the 1-month volatility of the coin is at 7.87. Core DAO recorded 15 green days in the last 30 days.

Core DAO technical analysis for today – Oct 22, 2024

The sentiment in the Core DAO markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.935378, $ 0.903555 and $ 0.866041, while $ 1.00, $ 1.04 and $ 1.07 are the key resistance levels.

Bearish sentiment for Core DAO

4 indicators are currently signaling a bullish prediction for Core DAO, while 21 indicators are showing a bearish forecast. With 84% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Core DAO.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 70 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Core DAO moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Core DAO is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Core DAO is at 49.63, suggesting that CORE is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Core DAO over the last 50 days. Currently, Core DAO is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the CORE closing price for the last 200 days. CORE is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Core DAO prediction

After considering the above factors, we can conclude that the current forecast for Core DAO price prediction is Bearish. CORE would have to increase by 30.00% to hit our $ 1.21 target within the next five days. Moving forward, it will be important to monitor the CORE market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Core DAO price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.