LBLOCK Market Forecast: Lucky Block Holds Above a Critical Level for a Rally

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LBLOCK Market Forecast – February 28

LBLOCK market forecast is for the coin to retain its grip at the $0.00569450 critical level, from where it will push for more upside movement.

Lucky Block Long-Term Trend: Bullish (30-Minute Chart)

Critical Levels:
Market Supply Zones: $0.00675750, $0.00746260
Market Demand Zones: $0.00522780, $0.00569450
The LBLOCK market has been striving for more upward movement in recent times, breaking through several critical barriers until it encounters a temporary stop at $0.00675750. This is followed by a drop in price. Nevertheless, bulls quickly created support for the market at a critical level of $0.00569450. Despite failing a second test to break the barrier at $0.00675750, the price now holds above the $0.00569450 support from where it aims to push upward.

LBLOCK/USD Market Forecast: What Next for LBlock?

Lucky Block is now recovering from the price dip of February 24th, which happened with much volatility. The first step was to accumulate between key levels before surging above $0.00522780.

A slight fluctuation occurred at this level before the price pushed further upward. The market will have to cross a new barrier at $0.00675750, tested twice without successfully breaking through. Lblock is currently holding above $0.00569450 for a potential market rally.

The ATR (Average True Range) indicator shows that market volatility has been at a low level despite the upward push. However, the Parabolic SAR (Stop and Reverse) suggests that the market is still positioned for a pump as it aligns its dots below the daily candles.

Lucky Block Medium-Term Trend: Bullish (5-minute chart)

The 5-minute chart shows that the market remains tenacious in holding above the $0.00569450 fundamental level. When the price dropped from an unsuccessful retest of the $0.00675750 fundamental level, it initially dropped below $0.00569450 but then surged above it with increased volatility.
The Parabolic SAR on the 5-minute alternates around the candles as the market remains relatively silent. This accumulation stage is set to lead to a price pump toward a higher level of $0.00746260.

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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