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

Key Takeaways

• CORE has created a long-term double-bottom pattern.
• The CORE price is nearing a 400-day resistance trend line.
• Can CORE break out above this resistance and reach new highs?

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.