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Core Trend Following:
On May 9, 2025, the current price of Core is around $0.80, with a high of $0.814 and a low of $0.717 in the last 24 hours. The recent resistance level is in the $0.80-$0.82 range, and if broken, it may test $0.95-$1.00; if there is a pullback, it is crucial to pay attention to the key support level at $0.50.
The current MACD line is above the signal line, and the histogram shows bullish momentum!
Bollinger Bands: After the price breaks through the middle band and approaches the upper band, it may test $0.80-$0.82 in the short term, but trading volume is needed to sustain the breakout.
Bitcoin Staking and the BTCFi Narrative: The Core chain promotes the development of the "BTCFi" ecosystem by integrating the security of Bitcoin with EVM compatibility.
Recently, collaborating with institutions like Cobo to expand Bitcoin dual staking may attract more institutional funds, enhancing market confidence.
Ecosystem Expansion: Over 31,000 smart contracts have been deployed on the Core chain, with a TVL (Total Value Locked) exceeding 850 million USD. Developer activity has significantly increased, and long-term ecosystem development may support the price of the coin.
Optimistic expectations: The price of Core coin may rise to $1.94 by 2025, reach $15-20 by 2030, and even exceed $300 by 2050. The core logic is based on technological upgrades and increased adoption rates.
Short-term strategy: Pay attention to the breakout situation at the resistance level of 0.80-0.82 USD. If there is a surge in volume upwards, there may be a significant increase!
Long-term strategy: Dollar-cost averaging and hold for the long term!