33% increase in 11 hours.

33% increase in 11 hours.

By Web3Pen | DeFi Nexus | 31 Mar 2025


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Look, a 33% growth in 11 hours is always fascinating, but the thing is, this growth is more like a liquidity hunt than a real upward trend. CORE was able to test the 0.4775 resistance, but it's still a downward trend on higher timeframes.

Weekend trading volumes soared, prompting OBV to hit December ceilings. RSI, on the other hand, is trying to stabilize itself above 50, but that doesn't necessarily mean starting an upward trend.

In the market, long-term trends should always be considered. That growth, trapped in a downward order block in the 0.52 range, had already caused a price rejection in March.

If CORE can pass this level, then it can be a little more hopeful, but for now, The 0.4775 support doesn't look that solid. A modification of up to ۰ 0.378 could be on the table, unless the buying pressure gets stronger.

Now is the time to be cautious, not to get into the game with excitement.

Never forget risk management.

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DeFi Nexus
DeFi Nexus

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