Lucky Block Price Forecast – LBLOCKUSD Attempts Bounce From Lows as Downtrend Pauses

LBLOCK/USDT Price Forecast – August 5th

Lucky Block (LBLOCKUSD) price forecast continues to trade within a strong bearish trend, having recently pushed to new multi-week lows.

Lucky Block Key Levels

Support Levels: $0.00003140 $0.00001940
Resistance Levels: $0.00004000, $0.00006650

The immediate downward momentum appears to be waning, with the price entering a consolidation phase. Short-term indicators are beginning to show signs of a potential bullish bounce, suggesting that a counter-trend relief rally could be on the horizon, even as sellers maintain overall control.

Lucky Block Price Forecast – LBLOCKUSD Outlook

LBLOCKUSD shows a market firmly under the control of bears. The breakdown from the multi-week consolidation range in late July has established a clear downtrend, and the price has continued to grind lower since. This action confirms that sellers are the dominant force in the market.

Currently trading at $0.00003178, the price has recently made a new low, underscoring the bearish pressure. The path of least resistance remains to the downside, with the next major support level at $0.00001977 being a potential long-term target for sellers if the current lows do not hold. The former support around $0.00004000 now stands as significant overhead resistance.

The Momentum indicator is deep in negative territory at -0.00000614, confirming that the trend is driven by strong, sustained selling pressure. The Stochastic oscillator is trending in its lower range near oversold territory, which confirms the strength of the recent bearish push.

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

After setting a new low, the price has stabilized and is now attempting a minor recovery. Trading at $0.00003178 for a loss of -2.94% on the session but up from the absolute lows, the asset is showing signs of a potential bottoming formation on this timeframe.

While the overarching trend is bearish, the immediate momentum has shifted in favor of the bulls. This is often seen as a corrective or relief rally within a larger downtrend. A key factor is a bullish divergence, where the price made a new low but the momentum indicator formed a higher low, suggesting selling pressure is weakening.

The Momentum indicator has crossed into positive territory, signaling the return of short-term buying pressure.

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