Lucky Block Price Prediction- May 27
The Lucky Block price is set for another upcoming bullish rally after a long dip dump by the bears. In case buyers manage to break up the pattern’s resistance trend line at a $0.0003429 high value, a potential relief rally could push the coin market price to the $0.01000 barrier level and beyond, resulting in a potential buy signal for the coin traders.
Key Levels:
Resistance levels: $0.0001800, $0.0001900, $0.0002000
Support levels: $0.0001100, $0.0001000, $0.0000900
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Analyzing the chart above, we can see that LBLOCKUSD is in a bearish market zone. The price currently trades below the two EMAs. This means that the coin is in a downtrend.
The high order flow from the bears during yesterday’s session also added to this bearishness. However, the bulls are now in the market to turn around the trend.
Today, the buy traders corrected a $0.0001179 value which further increases to the $0.0001224 supply mark below the moving averages to resume its uptrend. This indicates an established bull trend.
This breakup may accelerate the bullish momentum and extend the ongoing correction to a higher level.
Additionally, the price of Lucky Block might increase further if the bulls could push harder, if this is achieved, the price might bounce up to the $0.01000 resistance level in the nearby days and beyond in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The Lucky Block price is bearish in the medium-term time frame. This is due to the high impact of the sell traders. Further, the price action can be seen below the two moving averages. Thus, the current trend will soon end as the buy traders are now within the market to influence the buying tendency.
The bearish pressure at the $0.0001152 support level in the past few hours has made the coin stay below the supply trend levels in its recent time.
After a series of downward moves, the bulls’ successes fully resumed and pushed the price of LBOLCKUSD to a high at the $0.0001191 trend line shortly after the 4-hourly chart opens today.
Moreover, these new moves will strengthen the price recovery as the buy investors aim at pushing the coin price up to the upper resistance level.
Additionally, the daily stochastic signifies an uptrend in the oversold region. Hence, if the buy traders successfully keep the Lucky Block prices above the $0.0002300 level, the target might be the $0.01000 supply level in the nearby days in its medium-term outlook.
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