Lucky Block Market Prediction: LBLOCKUSD Aims to Rebound from $0.0000260 Support

Lucky Block Market Prediction: October 31

The Lucky Block market prediction is for the price to rebound strongly off the $0.0000260 demand level as in previous times.

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

Key Levels:
Supply Zones: $0.0000880, $0.0000360
Demand Zones: $0.0000260, $0.0000200

LBLOCKUSD is about its mission of boosting itself out of its prolonged consolidation period. The latest twist has seen the price drop sharply back to the $0.0000260 demand level. It can be observed that in previous times when the coin dropped back to the demand level, it sprung upwards toward the resistance level. LBLOCKUSD will be looking to use this strategy to greater measure this time around, such that it will break the $0.0000360 barrier.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

LBLOCKUSD is resolute in its mission to extricate itself from a prolonged consolidation phase.

In a recent development, the price experienced a sharp decline, retracing to the $0.0000260 demand level. It is worth noting that historical patterns indicate that when the coin revisits this demand level, it tends to spring upward toward the resistance level.

LBLOCKUSD intends to employ this pattern to a greater extent on this occasion, with aspirations to breach the $0.0000360 barrier.

Market Expectations

Examining the daily chart, the Stochastic Oscillator lines have reacted predictably to the market’s decline by plunging from the near-touch of the overbought territory to the oversold region. Likewise, the daily RSI (Relative Strength Index) line, which had been attempting to ascend, has retreated into the oversold zone.

Shifting the focus to the 4-hour chart, the Stochastic Oscillator indicator is now thoroughly entrenched in the oversold region, signaling a potential impending rise. Similarly, the 4-hour RSI line has recently entered the oversold zone. These indicators collectively suggest that the Lucky Block market is poised to rebound from the demand level and set its sights on breaking through the $0.0000360 resistance. This strategic move represents the coin’s determined effort to regain its bullish momentum.

How To Buy Lucky Block

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