Lucky Block Price Forecast: LBLOCK/USD Bearish Momentum Weakens at $0.00220000


Lucky Block Price Forecast – March 25

The Lucky Block price forecast is that the bearish trend will soon seize as the selling momentum weakens at $0.00220000. The buy traders are anticipated to regain control of the market as the price tapers down.

LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.00474100, $0.00336565
Demand Zones: $0.00220000, $0.00134480
Lucky Block Price Forecast: LBLOCK/USD Bearish Momentum Weakens at $0.00220000 LBLOCK/USD is expected to overturn its prolonged bearishness around the $0.00220000 key support level. This is evidenced as prices claw back upward after slipping below the level. The level represents a major market zone where market buyers are known to regroup to influence the market’s direction. However, the coin dropped below it, but currently, it is recovering back above it.

Lucky Block Price Forecast: LBLOCK/USD Anticipation

From a synoptic view, the Lucky Block market is tapering downwards from its all-time high. With every price level that the bears breach, the selling pressure weakens.

Therefore, having plunged to $0.00220000, the coin has reduced bearish momentum. Currently, the price dropped below this level but is recovering towards the upper border of the tapering channel.

The RSI (Relative Strength Index) indicator drops from the overbought region but is expected to rise as prices rise towards the channel’s upper border.

LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

The 5-minute time frame shows that LBlock slipped to a lower level at $0.00134480 before driving upward to reclaim $0.00220000. The market is trying to find stability again above this support level before pushing upward towards higher price levels.
Lucky Block Price Forecast: LBLOCK/USD Bearish Momentum Weakens at $0.00220000 The RSI on the 5-minute chart has dropped into oversold status, but it shows signs of an upturn. The EMA (Exponential Moving Average) period 100, which presently supports the price, also confirms that the price will rise again. The market is predicted to aim for the channel’s upper border and then beyond it.

How To Buy Lucky Block 

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.