Lucky Block Breaks Out of Range, Signaling New Bullish Phase

Lucky Block Price Forecast – July 21st

LBLOCK/USDT price forecast shows a surge in buying pressure

Lucky Block market has decisively broken out of a multi-week consolidation range, signaling an end to its prolonged period of neutrality and the potential start of a new bullish phase. A significant spike in buying pressure has propelled the price above key resistance levels, with technical indicators across timeframes confirming that momentum has firmly shifted in favor of the bulls.

Lucky Block Key Levels

Support Levels: $0.00003190, $0.00001970
Resistance Levels: $0.00006500, $0.00008390

The daily chart for LBLOCK/USDT shows a significant change in character. After the major correction in June, the price entered a long accumulation phase, forming a rounded bottom above the $0.00003190 support level.

Lucky Block Price Forecast – LBLOCKUSD Outlook

This sideways period, which lasted for weeks, has now been emphatically resolved to the upside with a recent surge in price. The crypto price is trading at $0.0000440 key zone establishing a clear bullish bias. The breakout from the previous basing pattern indicates that sellers have been exhausted and buyers have now stepped in with force.

The immediate challenge for the bulls will be to build on this momentum and target the next major resistance level at $0.00006500. The indicators on the daily chart strongly support the new bullish outlook. The Percentage Price Oscillator (PPO) shows a clear bullish crossover, with the PPO line moving firmly into positive territory, indicating a strong influx of upward momentum.

The Relative Strength Index (RSI) has decisively broken above the neutral 50 level and is currently at 60.52. This reading confirms that bullish strength is now in control, and with the indicator not yet in overbought territory, it suggests there is ample room for further price appreciation.

LBLOCK Short-Term Trend: Bullish (4-Hour Chart)

The 4-hour chart provides a detailed view of the recent breakout. After being confined to a very tight range for most of July, the price experienced a sharp, high-volume spike around July 20th, shattering the top of the range. The price is currently trading at $0.00004412, undergoing a minor pullback or consolidation after this explosive move.

Bulls are now firmly in control of the short-term trend. The breakout has shifted the market structure, and the previous resistance of the range is now expected to act as initial support. This current consolidation is viewed as a healthy pause, allowing the market to digest recent gains before a potential continuation of the uptrend.

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