Lucky Block Price Prediction- October 23
The Lucky block market is about completing the dip-low movement and is on the verge of a reversal for a new correction phase. The slight selling pressure may end soon, and the coin price could experience a turnaround to begin its bullish ride. Based on the outlook, if a renewed surge in buyer interest occurs, the coin price might turn positive to surpass the $0.0000392 previous barrier, obtaining a higher footing to rise higher.
Key Levels:
Resistance levels: $0.0000228, $0.0000229, $0.0000230
Support levels: $0.0000213, $0.0000212, $0.0000211
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
In the long-term outlook, the LBLOCKUSD price is on the verge of reversal due to a slight drop in the market value. Meanwhile, the coin price is above the EMA-50, indicating an upward momentum and the high impact of buyers in the past session in the crypto market.
The Lucky Block price is on the verge of reversal today. The bears have slightly dropped to a $0.0000213 support level above the moving average as the daily chart resumes, indicating that buyers are still in control of the market.
Therefore, if buyers put more aggression into their activities, the crypto price may experience a reversal to touch the $0.0000392 resistance level, exhibiting a robust upward trajectory.
Further, staying above the supply levels indicates that the LBLOCKUSD price is on the verge of reversing at the $0.0000213 current support level. As a result, the crypto price may turn upside to surpass the $0.0000392 previous high and extend to the $0.0000800 upper high mark soon, suggesting a good entry point for coin buyers in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, LBLOCKUSD is on the verge of reversal trading below the supply levels with a bearish sentiment. The coin price is showing a downward movement. This is clear as we can see the price below the supply level.
The price drop by the sell traders to a $0.0000214 low mark in the previous session has contributed to its bearishness in its recent low. However, the crypto is on the verge of reversal as the bulls are still within the market area at the overbought region.
If buyers could wrestle trend control with the sell traders and rebound from the $0.0000213 support level, a shift in trend above the $0.0000298 supply level might be reached, resulting in a turnaround for Lucky Block buy traders.
Notably, the LBLOCKUSD pair is on the verge of reversal as the market signal remains at the overbought region, suggesting there are still more buyers around and there is a possibility of the price responding to this change.
As a result, the price could pump or surge above the $0.0000298 to hit the $0.0000800 resistance value in the days ahead as it remains on the verge of reversal in its medium-term outlook.
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