Lucky Block Drifts Lower as Key Indicators Signal Weakness

LBLOCK/USDT Price Forecast- September 11th

Lucky Block price forecast is projected to be locked in a prolonged consolidation phase as buyers cling for expansion.

LBLOCK/USDT Key Levels

Support Levels: $0.00002830, $0.00001736
Resistance Levels: $0.00004000, $0.00006420

The atmosphere for Lucky Block price shows the market has been moving sideways for a while following major spike in May. However, the recent price action within this range has been notably weak.

Consolidating at $0.00003070 key zone, the asset is slowly but steadily drifting downwards, signaling a persistent, low-level selling pressure that buyers have been unable to counter. This slow descent is bringing the crucial support level at $0.00002833 sharply into focus.

The indicators on this timeframe paint a clear picture of underlying bearish sentiment. The Money Flow Index (MFI), a volume-weighted momentum indicator, is at 39.13. A reading below 50 indicates that more money is flowing out of the asset than into it, confirming the selling pressure.

This is further supported by the Relative Strength Index (RSI), which stands at 41.81. Being in the lower half of the neutral zone (below 50), the RSI shows that sellers currently have the upper hand. The combination of these two indicators suggests the path of least resistance is to the downside.

LBLOCK/USDT Short-Term Trend: Ranging (4-Hour Chart)

The indicators on this timeframe present a mixed but ultimately bullish picture. The RSI is clearly weak, with a reading of 36.21. This is in bearish territory and trending towards the oversold region, aligning perfectly with the slow price decay. The MFI shows a reading of 62.08, which is technically bullish. However, in an extremely low-volume and illiquid market like this, the MFI can sometimes give misleading signals based on minor transactional upticks.

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How To Buy Lucky Block

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