Lucky Block Finds Support Near Range Lows, Shows Signs of a Short-Term Bounce

LBLOCK/USDT Price Forecast -July 25th

Lucky Block Price Forecast shows market remains in deep consolidation as short-term indicators are flipping bullish

Lucky Block Key Levels

Support Levels: $0.00003830, $0.00001970
Resistance Levels: $0.00006457, $0.00008390

Lucky Block Long-Term Trend: Bullish (Daily Chart)

Lucky Block market is showing signs of a potential short-term recovery after finding support near the lower boundary of its multi-week trading range. A recent failed breakout attempt led to a sharp sell-off, but with selling pressure now appearing exhausted, indicators on lower timeframes are suggesting that buyers are stepping back in to initiate a relief bounce.

Lucky Block Price Forecast – LBLOCKUSD Outlook

The broader market context, however, remains one of deep consolidation and indecision. LBLOCK/USDT continues to be defined by a prolonged period of low volatility and sideways price action. Following the major price swings in May and June, the asset has been locked in a tight consolidation range. A recent attempt to break out to the upside was short-lived, and the price has since drifted back down to the lower half of this channel, reinforcing the strength of the range-bound conditions.

Currently trading at $0.00003937, the asset is hovering just above key support. The market is in a clear state of equilibrium, with neither bulls nor bears able to establish a sustained, directional trend. The overarching theme is one of indecision, as traders await a more significant catalyst to break the deadlock.

The Momentum indicator is flat and hovering just below its baseline, signaling no significant force in either direction. The Percentage Price Oscillator (PPO) is the clearest illustration of this neutrality, with its lines intertwined and sitting directly on the zero mark. This indicates a total absence of momentum, perfectly mirroring the tight price consolidation.

Lucky Block Short-Term Trend: Bullish (4-Hour Chart)

The 4-hour chart provides a detailed look at the price action following the recent “fakeout.” After a sharp decline that saw the price fall from the range highs to the lows, the selling pressure has subsided. Trading at $0.00003934, the price is now attempting to bounce from the support area, suggesting buyers are showing renewed interest at these lower levels.

The immediate trend has shifted from bearish to a bullish relief rally. While this does not yet negate the broader ranging structure, it indicates that the downward move is over for now, and the price may attempt to recover towards the middle of its recent range.
The indicators on this timeframe have flipped bullish, supporting the case for a bounce.

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How To Buy Lucky Block

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