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Can COREUM Crypto Price Nosedive More Or Soon Optimize?

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Can COREUM Crypto Price Nosedive More Or Soon Optimize?
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Coreum crypto assets plummeted by 8.18% in market value and plummeted by 2.29% in trading volume in the last 24 hours, as per the CoinMarketCap, a crypto data analysis website. Its market value is $63,176,064 and its trading volume is $264,563. There are 384,792,048 COREUM assets in circulation.

Can COREUM Crypto Price Nosedive More Or Soon Optimize?
Source: By Coinmarketcap.com

As per the price movement, the price rose from $0.08000, uplifting to $0.32000, and showed a wonderful bullish rally. However, the COREUM crypto demonstrated a sign of decline as the price sank from a vital level of around $0.32000 on the chart.

The COREUM crypto is almost at a big fall, as it meets the resistance level and nosedives to lows.

Can COREUM Price Reach More Depth Or Turn Around?

Can COREUM Crypto Price Nosedive More Or Soon Optimize?
Source: COREUM/USDT: MEXC.1.D. by TradingView

The COREUM crypto asset is displaying bearishness and falling tendency as it plunges below major trend 20, and 50-Day EMAs, reliant on the seller’s surge, it could pierce through the current support zone and plummet drastically.

Furthermore, the COREUM crypto asset is displaying bearish characteristics as MACD shows a bearish crossover, where the MACD line is at -0.00824, the signal line is at -0.00658, and the gap between them is known as the histogram is at -0.00182.

The RSI curve has taken resistance from 14- SMA, implying that the COREUM asset is losing momentum and can achieve new depths. Meanwhile, the RSI is below the median line at 40.91, and the 14-SMA is at 42.55.

On overall analysis of the daily chart, the COREUM crypto asset is expressing bearish behavior and has the opportunity to fall further. It has attained bad performance in the last week, and month, by 3.93%, and 20.31% respectively, implying a stable downward direction.

Can COREUM Crypto Price Nosedive More Or Soon Optimize?
Source:  COREUM/USDT: MEXC.1.D. by TradingView

At the time of publishing, the COREUM crypto is experiencing a decline of 3.69% in the last 24 hours, trading at $0.16490 and the current price action shows that the price is following the trendline rejection and continues to slump more.

Therefore, if the COREUM crypto price fails to stay above the $0.15000 level, it could decline further and reach lower depths.

On the flip side, if the demand for the crypto rises abruptly, the COREUM asset price could bounce back strongly from the current level. The next goal for the price is to reach $0.25000.

Summary

The COREUM crypto price action shows bearishness on the daily time frame and a bearish outlook for the future sessions as well. The crypto price is following the trendline resistance which is headed downwards. Moreover, technical tools such as the RSI, MACD, and the EMAs are giving bearish signals.

Technical Levels

Support Levels: $0.15000

Resistance Levels: $0.25000

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

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