Lucky Block (LBLOCK) Downtrend Confirmed as Price Seeks Lower Support

LBLOCK/USDT Price Forecast – July 31st

Lucky Block price forecast shows a breakdown from its consolidation range, sellers remain firmly in control with indicators pointing to continued weakness.

Lucky Block Key Levels

Support Levels: $0.00003108, $0.00001977
Resistance Levels: $0.00004000, $0.00006616

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

Lucky Block market has entered a confirmed bearish trend after decisively breaking down from a multi-week consolidation pattern. The prior state of neutrality has been resolved to the downside, putting sellers firmly in command of the price action. With technical indicators signaling persistent weakness, the market appears poised to explore lower support levels in the coming sessions.

Lucky Block Price Forecast – LBLOCKUSD Outlook

The daily chart for LBLOCK/USDT shows a significant bearish development. The long period of low-volatility consolidation that followed the June correction has ended with a breakdown below key support. This resolution indicates that the balance of power has shifted decisively in favor of the sellers, establishing a new downtrend.

Currently trading at $0.00003433, the price is now operating in bearish territory. The former support level around $0.00004000 is now expected to act as a major resistance ceiling. With the downtrend confirmed, sellers are likely to target the next significant support zone at $0.00003108, and potentially lower if the bearish momentum is sustained.

The Parabolic SAR dots are positioned clearly above the price candles and are trending downwards, which confirms that the market is in a downtrend and provides a dynamic level of resistance. The Relative Strength Index (RSI), at 34.67, is deep in bearish territory and pointing lower, indicating that strong selling pressure is the primary force driving the market.

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

The 4-hour chart provides a detailed look at the established downtrend. Following a failed breakout attempt around July 20th, the price has cascaded lower, breaking through the previous consolidation floor. Trading at $0.00003433, the price is currently in a minor consolidation phase after the sharp drop, but the overall structure remains firmly bearish.

Sellers are in complete control of the short-term price action. Any minor bounces have been shallow and have thus far failed to challenge the newly established resistance. The path of least resistance is to the downside until buyers can demonstrate significant strength to reverse the current trend.

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How To Buy Lucky Block

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