Lucky Block’s previous breakout above the $0.00001670 key zone triggered a sharp price rally to the $0.00004250 market area. Now a liquidity grab has led to a fast retracement. Despite this, the broader market structure still favours the bulls, provided $0.00001600 holds as strong support.
Lucky Block Price Forecast – LBLOCKUSD Outlook
The Parabolic SAR has not yet signalled a major bearish reversal, keeping bullish prospects intact. The RSI remains near the mid-range, suggesting that buyers still have a chance to regain control.
If buyers defend $0.00001600, another bullish attempt could target the $0.00002500 significant zone. There could be a potential surge toward the $0.00004250 resistance level if momentum picks up.
If $0.00001600 holds, buyers could launch another breakout, with the $0.00002500 market zone as the next key resistance. A sustained push beyond $0.00004250 could indicate a long-term rally, potentially opening doors for further price expansion. A failure to hold $0.00001600 could lead to a deeper correction toward $0.00001250. This could be where another round of accumulation may occur.
Lucky Block Medium Term Trend: Bullish (4-hour Chart)
On the shorter time frame, market volatility remains high, but bullish sentiment persists. The RSI is stabilising, indicating buyers may soon attempt another push.
The market volume remains active, suggesting that another upward move is likely if buy pressure increases. A breakout above the $0.00002500 market zone would likely confirm stronger bullish momentum.
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.
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