Coreum surged to $0.17 before retracing, showing a spike-shaped breakout with heavy selling pressure at each bounce.
Bullish divergence on the MACD and confirmed higher lows suggest early accumulation and potential upside recovery.
Support zones between $0.10 and $0.14 may offer a launchpad, but resistance at $0.15+ must be broken to sustain any rally.
Coreum’s price structure reveals both resilience and volatility after a dramatic breakout and equally sharp pullback. The asset is currently held at $0.12, sustaining a 13.33% monthly gain amid broad technical signals suggesting renewed accumulation.
After a modest start near $0.11, the asset steadily climbed, forming a rounded ascent over the first quarter of May. The structure reflected early accumulation, setting the base for an explosive breakout. The clearest shift occurred between May 6 and May 10, where the price surged to a $0.17 peak.
Source: BingX
At this stage of the pattern, the move resembled a textbook momentum breakout. According to BingX chart data, the price trajectory spiked vertically, carving out the month’s highest point before collapsing. This rally, which brought a +54.5% gain from base to peak, preceded a firm rejection. As price reversed, it swiftly lost ground, dipping back to $0.14, then $0.13, before hitting interim support near $0.12.
The retracement phase showed lower highs with each bounce, creating visible descending pressure. The $0.15 and $0.13 levels became reaction zones, failing to reclaim upward strength. Traders appeared to offload during each rally attempt, signaling controlled profit-taking under low-volume recovery efforts. The line graph's transition from smooth rise to jagged descent further reflects an evolving sentiment shift.
Technical Reversal Hints From 3D Structure
With a peak rejection in place, the next phase for Coreum appears to be structural repair above the $0.12 floor. The setup echoes deeper formations visible on broader timeframes, particularly on the 3D chart. Javon Marks identifies a completed breakout from a multi-year descending trendline, highlighting that the price jumped over 555% before retreating.
Source: Javon Marks on X
He notes this move began after Coreum exited its $0.07 bottom, printing higher highs and reclaiming long-lost zones. What’s more, the MACD signaled bullish divergence as price formed a higher low against lower MACD readings—a momentum indicator often tied to early accumulation. With volume spikes during the breakout and current price action consolidating near $0.14500, is a second leg forming?
Not only that, but Marks marked $0.30000 and $0.65034 as projected upside targets if momentum returns. This has led to speculation that support is quietly building between $0.10 and $0.14. Even so, price must overcome multiple resistance zones before confirming further continuation.
Final Range Holds Monthly Gain
Despite retracement and volatility, the asset still holds above its monthly base and avoids full trend invalidation. The current position near the lower-middle of the monthly range shows structure remains intact. If support persists, this base could serve as a launchpad for a renewed technical advance.
The post Coreum’s $0.12 Base Holds Post-Breakout as Charts Signal Accumulation and Recovery appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
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Coreum’s $0.12 Base Holds Post-Breakout as Charts Signal Accumulation and Recovery
Coreum surged to $0.17 before retracing, showing a spike-shaped breakout with heavy selling pressure at each bounce.
Bullish divergence on the MACD and confirmed higher lows suggest early accumulation and potential upside recovery.
Support zones between $0.10 and $0.14 may offer a launchpad, but resistance at $0.15+ must be broken to sustain any rally.
Coreum’s price structure reveals both resilience and volatility after a dramatic breakout and equally sharp pullback. The asset is currently held at $0.12, sustaining a 13.33% monthly gain amid broad technical signals suggesting renewed accumulation.
After a modest start near $0.11, the asset steadily climbed, forming a rounded ascent over the first quarter of May. The structure reflected early accumulation, setting the base for an explosive breakout. The clearest shift occurred between May 6 and May 10, where the price surged to a $0.17 peak.
Source: BingX
At this stage of the pattern, the move resembled a textbook momentum breakout. According to BingX chart data, the price trajectory spiked vertically, carving out the month’s highest point before collapsing. This rally, which brought a +54.5% gain from base to peak, preceded a firm rejection. As price reversed, it swiftly lost ground, dipping back to $0.14, then $0.13, before hitting interim support near $0.12.
The retracement phase showed lower highs with each bounce, creating visible descending pressure. The $0.15 and $0.13 levels became reaction zones, failing to reclaim upward strength. Traders appeared to offload during each rally attempt, signaling controlled profit-taking under low-volume recovery efforts. The line graph's transition from smooth rise to jagged descent further reflects an evolving sentiment shift.
Technical Reversal Hints From 3D Structure
With a peak rejection in place, the next phase for Coreum appears to be structural repair above the $0.12 floor. The setup echoes deeper formations visible on broader timeframes, particularly on the 3D chart. Javon Marks identifies a completed breakout from a multi-year descending trendline, highlighting that the price jumped over 555% before retreating.
Source: Javon Marks on X
He notes this move began after Coreum exited its $0.07 bottom, printing higher highs and reclaiming long-lost zones. What’s more, the MACD signaled bullish divergence as price formed a higher low against lower MACD readings—a momentum indicator often tied to early accumulation. With volume spikes during the breakout and current price action consolidating near $0.14500, is a second leg forming?
Not only that, but Marks marked $0.30000 and $0.65034 as projected upside targets if momentum returns. This has led to speculation that support is quietly building between $0.10 and $0.14. Even so, price must overcome multiple resistance zones before confirming further continuation.
Final Range Holds Monthly Gain
Despite retracement and volatility, the asset still holds above its monthly base and avoids full trend invalidation. The current position near the lower-middle of the monthly range shows structure remains intact. If support persists, this base could serve as a launchpad for a renewed technical advance.
The post Coreum’s $0.12 Base Holds Post-Breakout as Charts Signal Accumulation and Recovery appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.