CORE Price Explodes After Long-Term Bullish Pattern — Eyes Key 400-Day Resistance

CORE started the bullish cycle positively, rallying significantly in March 2024 and almost reaching a new all-time high price.

However, the trend has reversed, leading to a 92% price decline.

In March 2025, the CORE price risked falling to a new all-time low. However, it prevented a breakdown and has created a bullish structure.

After being one of the best performers in the crypto market this week, CORE is attempting to break out from a 400-day resistance trend line, confirming its trend reversal.

Let’s look at the charts and determine how likely this is.

CORE’s Bullish Pattern

The CORE price has fallen under a descending resistance trend line since its cycle high in April 2024.

More recently, the trend line rejected CORE in December (red icon), triggering a sharper decline that culminated with a low of $0.34 in March 2025.

CORE rallied afterward, preventing a breakdown from the $0.37 horizontal support area.

The bounce also created a double bottom pattern relative to the price in November 2023.

Since the bounce, CORE has rallied 130% and nearly reached 400-day resistance. A breakout from it would be a strong sign that the correction has ended.

Technical indicators are also gradually turning bullish. The Relative Strength Index (RSI) and Moving Average  Convergence/Divergence (MACD) are moving upward.

The RSI is above 50, while the MACD made a bullish cross, both positive signs.

So, the weekly time frame offers a cautiously optimistic CORE price prediction.

Parabolic CORE Rally

The short-term wave count shows that CORE is in wave three of a five-wave upward movement.

While this confirms the CORE price has started a long-term bullish trend reversal, it also indicates a local top is close.

Wave three has extended and is nearly 2.61 times the length of wave one, a standard level for a wave three extension, meaning the rally could end soon.

The bearish divergence in the six-hour RSI supports this claim, indicating the top is close.

If the CORE price decreases, the closest support will be at $0.65, a horizontal and Fibonacci support area.

Afterward, the fifth and final wave of the upward movement could trigger a long-term breakout.

Rejection Before Breakout

The long-term CORE price prediction is bullish, suggesting a breakout from the resistance trend line will occur.

However, the short-term chart shows an overextended rally.

As a result, CORE could suffer a rejection on its first breakout attempt before eventually reclaiming resistance.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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