Lucky Block Market Prediction: LBLOCKUSD Set to Break Out of Prolonged Consolidation

Lucky Block Market Prediction: November 3

The Lucky Block market prediction is for the coin to exit its current accumulation phase and switch into a bullish tenure.

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 poised to exit its extended consolidation phase shortly, with gradual advancements toward the $0.0000360 resistance level. Following a minor dip below the current support at $0.0000260, buyers have become increasingly active, orchestrating a series of upward movements that help the coin stabilize back above $0.0000260. The aim is to challenge the $0.0000360 consolidation supply level. It’s only a matter of time before LBLOCKUSD breaks free from this price accumulation.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

LBLOCKUSD appears to be on the cusp of emerging from an extended consolidation phase, demonstrating a steady progression toward the $0.0000360 resistance level.

Despite a brief dip below the current support at $0.0000260, a resurgence of buyer activity has initiated a sequence of upward movements, effectively re-establishing the coin’s position above the $0.0000260 mark.

The primary objective is to challenge the resistance at $0.0000360, marking an imminent departure from this price consolidation phase.

Market Expectations

Analyzing the daily chart, the 30-period Moving Average (MA) has descended to align with the candlesticks, currently positioned above the trading range. Simultaneously, the Relative Strength Index (RSI) has rebounded from its oversold territory, exhibiting a promising trajectory as it readies itself for an upward trend.

Turning our attention to the 4-hour chart, the 30-period MA has slightly dipped to the trading level, acting as a potential support to facilitate a price ascent. Notably, the RSI on this timeframe has surged significantly, surpassing the 50-mark, underscoring the robust buying activity aimed at breaking free from the consolidation pattern and targeting the $0.0000880 level.

How To Buy Lucky Block

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