1
At press time, Coreum price was trading close to $0.148, recording an intraday loss of 4.26%.
2
The technical indicators imply a sideways to bearish outlook over the daily chart.
The Coreum price started the week on a positive note in the morning session however turned negative by the afternoon session as the bulls failed to hold the price on the higher side. The bears made a comeback after the price attempted to surpass the 20-Day EMA on the daily chart.
Moreover, the buyers attempted a recovery after the crypto price broke below the previous low. However, the recovery lacked momentum indicating the weak buying hands participating in the buying.
The recent price action study shows that the price took a rebound after hitting a new swing low and surged higher. However, the recovery lacked momentum which led to a consolidation near the previous breakdown zone and 20-Day EMA.
Currently, the daily chart shows the formation of a bearish
We współpracy z: https://www.thecoinrepublic.com/2024/03/04/coreum-price-is-struggling-to-recover-a-bearish-month-ahead/
