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This brought many speculative traders to the CORE markets. Data from Coinalyze showed that the Open Interest behind the token rose 116% in the past 24 hours.
![Core [CORE] Rallies 33% in 11 Hours Core [CORE] Rallies 33% in 11 Hours](/uploads/2025/03/31/cryptocurrencies-news/articles/core-core-rallies-hours/middle_800_480.webp)
Core [CORE] token rallied 33% in 11 hours from the low on the 29th of March at $0.39 to $0.52 on the 30th of March, bringing many speculative traders to the CORE markets.
This brought many speculative traders to the CORE markets. Data from Coinalyze showed that the Open Interest behind the token rose 116% in the past 24 hours.
Whether this rally can last was unclear. The higher timeframe charts remained firmly bearish. Usually, such strong rallies over a weekend imply a liquidity hunt.
Why CORE bulls would struggle
On the 1-day chart, CORE was obstinately bearish. Its recent rally retested the $0.4775 resistance level. This level served as a support in February, and before that, in February 2024 as well.
The bearish retest of this long-term S/R level meant it was likely that the Core DAO token price would fall lower in the coming days. However, its trading volume was extremely high over the weekend.
This caused the OBV to surge toward the December highs.
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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