Core (CORE) Price Hits 75% Gains, Theta Network (THETA) Price Jumps 2x: Here’s Why These Altcoins Are Gaining Momentum
CORE and Theta Network (THETA) are now making waves in the crypto market. CORE’s price shot up 75% when it broke past its 200-day Exponential Moving Average, catching many traders’ eyes. At the same time, Theta Network’s price has doubled due to strong upward momentum. Traders and analysts are talking about these coins all over X (formerly Twitter), showing real excitement building around these cryptocurrencies.
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What you'll learn 👉
Core Chart Analysis
CORE’s price shot up after moving past the 200-day EMA, showing strong buying interest in the market. Crypto analyst Jacob Canfield pointed this out on X, noting how the price came back down to touch the 200EMA again before continuing up – a common pattern that suggests the upward move is likely to continue. Canfield noted, “$CORE – Up 75% after breaking the daily 200EMA + retesting. Not a lot of these plays left.”
The chart analysis revealed that CORE’s breakout was supported by increased trading volume, signaling strong market participation. The area below the breakout candle has become a key support level, with traders eyeing potential higher resistance levels as the asset consolidates its gains. Over the past day, CORE has recorded a 20.60% price surge, coupled with a massive 154.01% increase in trading volume, further solidifying its position among the day’s top performers.
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Theta Network (THETA) Leads Market Gains with 2x Price Rally
Theta Network has emerged as one of the strongest gainers, with its price doubling from entry levels, as reported by Universe of Crypto on X, stating, “Theta moved beyond our expectations. Theta has moved massively, 2x from our entry; it is just beginning of a massive bull run.”
The chart analysis revealed a clear breakout above a long-term descending trendline, marking the start of a bullish phase. Support at 1.568 provided a solid base, while resistance at 2.281 was flipped into support during the rally. Theta’s price has seen a 25.52% increase over the last 24 hours, with trading volume surging by 441.59%, making it a leader in the crypto market today.
Broader Bull Market Context Drives Optimism
These altcoins are benefiting from broader bullish trends in the crypto market. The breakouts and momentum in these altcoins suggest a potential shift to the next phase of the bull market, as indicated by Jacob Canfield’s tweet.
With CORE capitalizing on a 200EMA breakout and Theta Network rallying on the back of a long-term downtrend reversal, these assets continue to draw attention as traders seek high-reward opportunities. This momentum positions CORE and Theta Network among the most watched altcoins in the market as bullish sentiment grows stronger.
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