Lucky Block Price Forecast: LBLOCK is Gearing up for a rally from $0.0000360

Lucky Block Price Forecast: March 15

The Lucky Block price forecast is that the market will attempt another rally from the $0.0000360 significant level.

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

Key Levels:
Zones of Supply: $0.0000600, $0.0000470
Zones of Demand: $0.0000260, $0.0000360

The Lucky Block market is now set for a rally after the price dropped close to the former support level of $0.0000360. The market weakened after it could not penetrate the $0.0000750 resistance level. This allowed the entry of the bears, which have plunged the market to the current level just above $0.0000360. A rally at this point is very plausible given that this was the same point that LBLOCK reversed in its last bearish cycle.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK is poised for a rally from its recent dip near the former support level at $0.0000360, signalling potential upward momentum in the Lucky Block market.

Failure to breach the $0.0000750 resistance level led to a bearish trend, allowing bears to drive the market down to its current level just above $0.0000360.

However, this level has historically served as a reversal point during previous bearish cycles, making a rally increasingly likely.

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

As the market dips below the $0.0000470 support level, technical indicators such as the Relative Strength Index (RSI) on the daily chart have also dropped below the 50 mark. Going by crypto signals, the Stochastic Oscillator lines have plunged into the oversold region, indicating favourable conditions for a potential market reversal.

Analyzing the 4-hour timeframe reveals further insights into the market’s short-term outlook. The RSI line oscillates between the middle line and the oversold border, suggesting a potential bullish revival in the near term. Meanwhile, the Stochastic Oscillator lines exhibit volatile fluctuations across the middle line, further supporting the notion of a bullish turnaround. These encouraging signals indicate a growing momentum for bulls, with the market expected to rise shortly and challenge the key resistance level at $0.000470.

How to buy Lucky Block

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