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Lucky Block Price Forecast: September 18
The Lucky Block price forecast is for the coin to undergo a short-term market consolidation as it rebuilds momentum for another potential challenge at the resistance levels.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels-
Supply Zones: $0.0001990, $0.0001420, $0.0001100
Demand Zones: $0.0000880, $0.0000720, $0.0000650
After encountering resistance at the $0.0001250 level, LBLOCK has retraced to its base at $0.0000880, a pattern reminiscent of its historical behavior. This retracement signals the market’s ability to rejuvenate and gather momentum, aligning with previous trends. As history suggests, this retracement could pave the way for renewed upward momentum and potential bullish movements in the market.
Lucky Block Price Forecast: LBLOCK/USD Outlook
LBLOCK is currently undergoing a rejuvenation phase and accumulating momentum at its support level. Following its rejection at the formidable $0.0001250 resistance barrier, the coin has retraced to its base at $0.0000880.
This retracement echoes a historical pattern where the market rejuvenates itself and gathers momentum for future movements, resembling the current trend.
Notably, on the daily chart, the Momentum indicator exhibits a remarkable surge, defying the subdued market movements. This subdued state is evident as the price maintains a range below the middle Bollinger Band, suggesting a period of consolidation.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
Examining the 4-hour chart, the Momentum indicator continues to ascend despite the oscillating market behavior. The Bollinger Bands have constricted on the 4-hour timeframe, reflecting the ongoing market consolidation as it prepares for another potential challenge at the resistance levels.
This phase underscores the coin’s resilience and potential for future upward movements, with indicators on both daily and 4-hour charts signaling bullish momentum. Market participants are closely monitoring this situation, anticipating further developments as the coin regains strength at its support level.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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