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Cryptocurrency News Articles
Core's Meteoric Rise: 14% Surge and Dominance in Top 100 Cryptos
Apr 22, 2024 at 04:04 pm
Core price surges 14% within 24 hours, skyrocketing to $2.52 amid a 152% increase in trading volume ($239 million). This surge has pushed Core into the top 100 cryptocurrencies by market cap, with a value of $2.15 billion. Bullish momentum remains strong as the price rebounds from the support zone at $1.86, indicating resilience and potential for further price increases.
Core's Meteoric Rise: Surge in Price and Market Dominance
The cryptocurrency market has witnessed a remarkable surge in the value of Core, with its price skyrocketing by an astounding 14% in the past 24 hours alone. As of 12:40 a.m., Core was trading at $2.52, fueled by a massive 152% increase in trading volume, reaching an impressive $239 million.
According to Cryptobubbles, Core has emerged as the top monthly gainer, boasting an astronomical 321% surge. This remarkable performance has propelled Core into the coveted top 100 cryptocurrencies by market capitalization, now valued at a staggering $2.15 billion.
Core's Resilience on Technical Support
Core's price has demonstrated remarkable resilience after a dip from its all-time high, defying a prolonged downtrend. The support zone at $1.37 has served as a catalyst for bulls, enabling them to drive the price towards a resistance point of $2.4. Despite facing some resistance, bullish investors have remained steadfast, rebounding from the support level at $1.86 to recover accrued losses.
The technical indicators paint a bullish picture, with the bulls successfully pushing the price above the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart. The 50 SMA is currently providing immediate support for the Core price. Should momentum continue to build, the price could potentially surge higher, aiming to reclaim its all-time high (ATH) of $6.14.
The Relative Strength Index (RSI) also reflects a general uptrend, indicating a rebound from 43 below the midline level of 50 to around 61. If momentum continues to escalate, we could witness the RSI entering the overbought zone, further corroborating the ongoing rally.
Core Poised for Another Bullish Run
Core's price is poised for another bull rally, with the support zone at $1.86 acting as a catalyst for bullish momentum. The bulls are determined to drive the price higher, aiming to regain the All-Time High (ATH). However, should bears regain control, the price could potentially retreat towards the 50 SMA, retracing towards the support level of $1.3730, which coincides with the 200 SMA.
Slothana: A Promising Alternative
As the Core price continues to gather momentum, investors are eagerly turning their attention towards Slothana (SLOTH), which is poised to make its debut on tier-one exchanges in the near future.
Slothana (SLOTH) draws inspiration from the success of meme coins such as SLERF, PUMP, PUNDU, and BOME, which have pioneered a novel and imaginative launch strategy on Solana. The approach is remarkably simple: buyers send SOL to a dedicated token address, whereupon the team airdrops the tokens directly into their wallets upon the conclusion of the presale.
The imminent rise of Slothana has sparked considerable excitement, with crypto influencers predicting a potential 100X surge following its launch. Slothana's presale has already amassed an impressive $10 million. For those considering participation, it is crucial to act swiftly, as presales are occasionally closed prematurely, even after selling out.
To participate in the Slothana presale, you can utilize a convenient widget on the official website. Simply enter the desired amount of SOL you wish to exchange, click 'buy now,' select your wallet, and complete the transaction.
One SOL is equivalent to 10,000 SLOTH tokens.
In conclusion, Core's remarkable surge in price and trading volume has propelled it into the upper echelon of cryptocurrencies. Its resilience on technical support and bullish momentum indicate the potential for further gains. Meanwhile, Slothana (SLOTH) has emerged as a promising investment opportunity, with its presale attracting significant attention and the anticipation of a potential 100X surge.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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