LUNC Price Analysis: Under the influence of a downsloping trendline, the LUNC price has witnessed an aggressive fall over the past three months. From the peak of $0.000208, this downfall tumbled the coin price 61.7% to hit the $0.00008 psychological support. However, with the recent uptick in the crypto market, the buyers are likely to rechallenge the dynamics resistance trendline and determine whether the LUNC price will prolong this correction or trigger a new recovery rally.
- Until the overhead resistance trendline is intact the LUNC price may witness a longer correction`
- A breakout above the trendline will reflect a shift in market sentiment from selling on rallies to buying on dips
- The intraday trading volume in the LUNC coin is $99.8 Million, indicating an 85% gain.
The falling LUNC coin price recently found support at the psychological level of $0.00008. bullish reversal from this support has surged the prices 15.2% up to currently trade at the $0.000092 mark.
With sustained buying, the coin price may rise another 10% to challenge the overhead resistance trendline. The prices have turned down thrice from this dynamic resistance indicating the traders are aggressively selling at bullish pullbacks.
Also Read: Best Cryptos Private Sale For 2023
Thus, the coin holders should keep a close eye on this trendline for any signs of rejection that will indicate the resumption of the correction phase which most likely plunge below the last swing low of $0.00008.
On a contrary note, a breakout above the trendline will hint at an early sign of trend reversal.
Relative Strength Index: The daily RSI slope reverted from the oversold region reflects that market participants are accumulating the coin at discounted prices.
Exponential Moving Average: the 20-and-50-day EMA acts as a dynamic resistance to assist sellers to prolong the bearish fall.
LUNC Crypto Price Intraday Levels
- Spot rate: $0.0000925
- Trend: Up
- Volatility: Medium
- Resistance level- $0.000095 and $0.000115
- Support level- $0.00008 and $0.000062
The post LUNC Price Analysis Plots a 10% Rise this Week, But There’s a Catch appeared first on CoinGape.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks