Lucky Block Price Prediction – June 26
The market price of LBLOCKUSD may experience a possible reversal at the $0.0000963 support level to resume its upside moves soon. Should the bulls push higher and exchange hands with the sell traders at the mentioned support, and close above the $0.0003429 barrier, a bullish breakout above this level could propel the market value of the coin to reach the $0.02000 upper high mark which will reflect the improved market sentiment.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the current trend will soon be nullified as the market now trades at the oversold region.
The sustained bearish pressure at the $0.0000960 support value in the previous action has made the crypto price drop below the supply levels in its recent low.
The market price of Lucky Block is currently trading at $0.0000963 below the resistance trend lines in the long-term outlook. This is due to the inflow from the short traders.
Nevertheless, today’s price drop to a $0.0000963 low value has still not stalled the bull run as the bulls are set to take charge and prevent any further dips. Traders might seize this opportunity to invest in the coin now at a lower rate for more future gains.
However, if the bulls are determined and push higher, the coin price could turn upside to retest the previous high at $0.0003429 value which would intensify the buying pressure on the crypto.
Furthermore, there is a possibility for a price reversal at the mentioned support as the market now trades at the oversold region of the daily stochastic. This upcoming bullish rally may likely break up the $0.0003429 barrier which might hit the $0.02000 supply value in the coming days in the long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is trading in a bearish market in its medium-term outlook. The price bars are also trading below the two EMAs indicating a bearish trend. This is due to the high influence of the sell traders.
Pressure from the bears at the $0.0000960 low value in the past few hours has dropped the price of Lucky Block below the supply levels in its recent price level.
After a push-up by the bulls to the $0.0001014 supply value, the bears made a drop to the $0.000963 low value below the two EMAs as the 4-hourly session resumes today.
With the overall market trend still bearish, the LBLOCKUSD price is likely to plunge higher and retest the high accumulation zone of $0.0002300 value. Hence, a strong push above the $0.04164 supply level will offer strong resistance to the crypto price.
Hence, we have a bullish bias that the coin price will resume an uptrend soon as the market is oversold already.
If the buying pressure should increase, there may be a potential rise in the Lucky Block price and this might retest the previous high of $0.0002300 supply level which might further extend the coin price to the $0.02000 high trend line in the coming days in its medium-term outlook.
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