Core Price Prediction: CORE Is The Top Weekly Gainer With A 92% Surge, But Traders Turn To This World-First AR/VR Crypto That’s Blasted Past...

The Core price has skyrocketed by 92% in the past week to trade at $2.63 as of 7:40 p.m. EST, making it the top gainer for the week among the largest 100 cryptos by market capitalization.

Core is also the the top monthly gainer with a 287% surge, leaving Dogwifhat (WIF) and Pendle (PENDLE), each with gains of just over 100%, trailing in its wake. CORE’s market cap stands at about $2.3 billion.

A flurry of announcements may be behind its price rise. These include:

•The $5 million Core Africa Innovation Fund
•The Core Venture Network’s $15 million investment in regional ecosystem funds in Africa, Latin America, and Southeast Asia.
•A partnership with ZAN, the Web3 arm of Ant Digital Technologies, to be a validator on Core Chain
•CoreDAO setting up an NFT marketplace on its blockchain platform

Core Price Bulls Indicate Resilience On 50 SMA Support

COREUSDT Analysis By Tradingview

The Core price indicates a rebound after the decline from its all-time high following a prolonged downtrend. The support zone at $0.6648 has empowered bulls to drive the price to a $4.3 resistance point.

Despite the rejection at this point, the bullish investors have proven resilient, rebounding on the support level at $2.21.

The bulls have managed to push the price above the 50 and 200 simple moving averages (SMAs) on the 4-hour chart. However, to further strengthen the bullish momentum, they may need to push the price higher to reclaim its all-time high (ATH) at $6.14.

The Relative Strength Index (RSI) also indicates a rebound at 43 below the midline level of 50 to around 52. 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 $2.21 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 below the 50 SMA, retracing towards the support level of $1.3730, which coincides with the 200 SMA.

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