Lucky Block Price Forecast- LBLOCK/USDT Stages Strong Recovery from Multi-Month Lows

LBLOCK/USDT Price Forecast – August 8th

Lucky Block Price forecast shows buyers have stepped in with force, pushing the price up from its lows, with short-term indicators confirming a bullish shift in momentum.

Lucky Block Key Levels

Support Levels: $0.00002833, $0.00002600
Resistance Levels: $0.00004000, $0.00006490

Lucky Block Long-Term Trend: Bullish (Daily Chart)

After a prolonged downtrend that pushed the price to new multi-month lows, the Lucky Block market is now experiencing a significant bullish bounce. A surge in buying pressure has lifted the asset from its recent support floor, shifting short-term control decisively to the bulls. While the broader market structure remains bearish, the strength of the current recovery suggests a potential for a more sustained relief rally.

Lucky Block Price Forecast- LBLOCKUSD Outlook

LBLOCK/USDT shows the first signs of a significant recovery after a protracted bearish period. Following the breakdown from its consolidation range in late July, the price continued to slide until it found solid support at the $0.00002833 level earlier this month. From there, buyers have re-emerged with conviction.

This bounce is a direct challenge to the previously dominant downtrend. For this recovery to gain credibility, bulls will need to reclaim the key $0.00004000 level, which was the floor of the previous range and is now expected to act as major resistance.

The market indicators on this chart are signaling a potential reversal. The Stochastic oscillator has executed a bullish crossover from the deep oversold region, a classic and strong buy signal that suggests the downward momentum is exhausted. The Momentum indicator, while still slightly negative, has bottomed out and is curving upwards, indicating that the bearish force is fading and a shift towards positive momentum is beginning.

Lucky Block Short-Term Trend: Bullish (4-Hour Chart)

The 4-hour chart provides a clear view of the new bullish momentum. After bottoming out, the price has established a sequence of higher highs and higher lows. A recent sharp spike in price confirms that there is strong buying interest at these levels. Trading at $0.00003459, the price is currently consolidating after this spike, which is a healthy sign of a market digesting its gains.

Bulls are firmly in control of the short-term trend. The strong impulsive move upwards has shifted the market structure in their favor. The current consolidation is likely a temporary pause before the next potential leg higher, as long as the price remains above its recent lows.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.