- The Coreum crypto trading volume has increased by 275% in the last 24 hours.
- The COREUM price has dropped by 28% in the past 2 weeks.
In the first half of March, the Coreum price performed positively and rose by 46%. The COREUM price has been declining by facing resistance from a trendline. Currently, the price has slipped below the 200-day exponential moving average. In a broader time frame, the COREUM price has been in a strong bearish trend, declining by 98.66% from its all-time high.
In December, the Coreum price surpassed the significant moving average and remained bullish for some time. The buyers tried for the reversal, but sellers were strong and dragged down the price by forming lower lows and lower highs.
Coreum crypto price has been trading at $0.154, which has been up by 2.12% in the last 24 hours. The market capitalization is $59.23 million, and the 24-hour trading volume is $1.70 million. The circulating supply is 384.79 million COREUM, and the total supply is 545.65 million COREUM.
Coreum Crypto Price vs Volume Analysis
According to the chart, the trading volume dropped by 50% in the last two weeks, and the price remained bearish. In the previous 4 days, the trading volume has surged by 500%, but the price has not reacted positively. Based on this data, the COREUM price may perform bullishly in the next few days.
Coreum Crypto Social Dominance vs Social Volume Analysis
The graph of social dominance has been decreasing for the last few months, which has negatively impacted the price. If the interaction about Coreum crypto increases on social media like X, Instagram, and Telegram, it may positively affect the price.
Will Coreum Price Extend to the $0.300 Mark Soon?
In a daily time frame, the Coreum crypto price has been declining due to resistance from the trendline. If the COREUM crypto price surpasses the trendline and sustains, buying momentum can be initiated, and it may approach the last swing high.
However, if the price extends to the last swing high, consolidates for some time, and triggers a breakout, investors may bring back their confidence, leading to a bullish momentum.
Suppose the price fails to sustain the trendline and sustains below the 200-day exponential moving average; it may melt to the $0.120 mark. If the COREUM price fails to defend the $0.120 mark, it will record a new all-time low.
Turning to the technical indicators, the COREUM crypto price is trading below the significant moving average, which showcases the negative sentiment. The RSI is at 74. It has slipped below the RSI-based moving average, indicating the bears’ grip.
Coreum Price Prediction Over 4-H Timeframe
In a 4-H time frame, the Coreum crypto price has defended the $0.150 mark for the last 3 weeks. The price has currently taken support on the $0.150 level and has risen by 4% in the previous 6 hours.
The COREUM price is struggling between the $0.150 and 200-day EMA. If the Coreum crypto price starts trading below the $0.150 mark, then most of the buyers may prefer to book profit, which may lead to a bearish momentum.
On the other hand, if the COREUM crypto price surpasses the 200-day exponential moving average and sustains, it may extend to the $0.200 mark soon.
Conclusion
The Coreum price has been on a bearish trend for a wider time frame, but buyers are trying to recover the previous losses. Recently, it has failed to sustain the $0.200 mark and is declining by taking support on the trendline. The price will record a new all-time low if it slips below the $0.120 mark.
Technical Levels
Support: $0.150 & $0.125
Resistance: $0.165 & $0.190
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
