Core DAO (CORE) Price Prediction 2024, 2025–2030 | CoinCodex (2024)

According to our current Core DAO price prediction, the price of Core DAO is predicted to rise by 223.08% and reach $ 5.00 by July 11, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 74 (Greed). Core DAO recorded 13/30 (43%) green days with 8.52% price volatility over the last 30 days. Based on the Core DAO forecast, it's now a bad time to buy Core DAO.

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Based on the historical price movements of Core DAO and the BTC halving cycles, the yearly low Core DAO price prediction for 2025 is estimated at $ 1.547677. Meanwhile, the price of Core DAO is predicted to reach as high as $ 7.19 next year. Using the same basis, here is the Core DAO price prediction for each year up until 2030.

Core DAO price prediction 2025

The Core DAO price prediction for 2025 is currently between $ 1.547677 on the lower end and $ 7.19 on the high end. Compared to today’s price, Core DAO could gain 339.67% by 2025 if CORE reaches the upper price target.

Core DAO price prediction 2030

The Core DAO price prediction for 2030 is currently between $ 3.76 on the lower end and $ 6.10 on the high end. Compared to today’s price, Core DAO could gain 273.37% by 2030 if it reaches the upper price target.

Core DAO's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, Core DAO's 200-day SMA will rise in the next month and will hit $ 1.488073 by Jul 11, 2024. Core DAO's short-term 50-Day SMA is estimated to hit $ 2.56 by Jul 11, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 43.43, which indicates that the CORE market is in a neutral position.

Popular CORE Moving Averages and Oscillators for Tue, Jun 11, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Core DAO Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

Core DAO Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 1.689465, Core DAO has support levels of $ 1.657734, $ 1.634205, and the strongest at $ 1.602474. Similarly, Core DAO resistance levels are at $ 1.712994, $ 1.744725, and $ 1.768254.

Core DAO Correlation

Over the past 7 days, Core DAO price was most positively correlated with the price of and most negatively correlated with the price of .

Core DAO price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of .

Currencies that are positively correlated with Core DAO indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Core DAO, a move in one direction for Core DAO would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the Core DAO price in the future, it’s helpful to also explore Core DAO’s price history. In the last month, the CORE/USD pair is down .

How to read and predict Core DAO price movements?

Core DAO traders use a variety of tools to try and determine the direction in which the CORE market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Core DAO price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Core DAO Price Prediction Indicators

Moving averages are among the most popular Core DAO price prediction tools. As the name suggests, a moving average provides the average closing price for CORE over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for CORE is a sum of CORE’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the CORE price moves above any of these averages, it is generally seen as a bullish sign for Core DAO. Conversely, a drop below an important moving average is usually a sign of weakness in the CORE market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the CORE price.

How to read Core DAO charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Core DAO with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Core DAO’s price action in 1-hour chunks. Each candlestick will display CORE’s opening price, closing price, as well as the highest and lowest prices that Core DAO reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Core DAO?

Just like with any other asset, the price action of Core DAO is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of CORE. The market capitalization of Core DAO can change significantly in a short period of time.

When trying to make a Core DAO forecast, many traders also try to monitor the activity of CORE “whales”, which are entities and individuals that control large amounts of CORE. Since the Core DAO market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Core DAO’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.