Lucky Block Market Prediction: Accumulation May Soon Breach Resistance Levels

Lucky Block Market Prediction: August 10

The Lucky Block market prediction is that buyers will draw strength from the steadfast $0.0000880 demand level for any potential rally.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001250
Demand Zones: $0.0000880, $0.0000720, $0.0000360

The Lucky Block market was able to stem the strong bearish tide of the second quarter of the year at the $0.0000880 support level. Since then, the support level has provided a further cushion for the market. It has helped it several times to push against the resistance level. Even though the coin has yet to rally, the support remains a solid fallback for the market. Currently, LBLOCK is strengthening its support again for a potential rally.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

In the face of a robust bearish phase during the second quarter, the Lucky Block market found respite and stability at the $0.0000880 support level.

Since then, this support has served as a resilient pillar, aiding in confronting resistance levels. Despite the absence of a substantial rally, support remains an unwavering bulwark for the market’s stability.

Currently, LBLOCKUSD is again strengthening itself at the $0.0000880 support level for a potential rally. The alignment of the lower Envelope line with the demand level further solidifies it against potential market downturns.

LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)

The Stochastic Oscillator lines exhibit their activities by reacting near the oversold border, indicating the empowerment of price bulls as they gather strength at the support. On the 4-hour chart, the Stochastic has plunged into the oversold region already.

The drop in the 4-hour Stochastic lines also gives hints of an impending rally beyond this zone. Concurrently, the alignment of the lower Envelope line, mirroring the daily chart, reinforces the demand level’s contribution to the imminent potential rally. The coin will attempt to push through to and beyond the $0.0001420 resistance level.

 

How To Buy Lucky Block

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