Despite a significant sell-off in the altcoins market, the price of CORE has been surging recently, making it one of the top performers in the last 24 hours.

With Bitcoin's price back at $66,200, investors are seeking out undervalued altcoins, and the surge in CORE's price indicates a similar market sentiment. The increasing demand has led to a substantial price increase, raising speculation about whether the altcoin will achieve a new all-time high.

The current price of the altcoin is $3.1175, surpassing the $3 mark, and its market cap has reached $2.74 billion. Moreover, a 60% increase in trading volume supports the ongoing rally, suggesting a continuation of the upward trend.

Analyzing the overall chart, a bullish reversal has formed a rounding bottom pattern with a significant resistance level at an all-time high of $5. Breaking through this $5 mark is crucial in signaling a bullish shift in the CORE price trend.

In terms of technical indicators, the bullish reversal in CORE has revitalized the stochastic RSI indicator, leading to a bullish crossover in the K and D lines that have been consistently in the overbought zone.

Looking at Fibonacci levels, the ongoing rally has exceeded the 50% Fibonacci level, indicating a potential trend reversal. With the momentum building up, there is a high possibility that CORE could reach the $5 milestone this month.

If the price rally successfully breaks through $5, analysts expect a bullish run towards the next psychological barrier at $10. There could be a temporary halt around the 1.618% Fibonacci level at $8 before potentially surging even higher.