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Lucky Block Price Forecast – March 11th
Lucky Block buyer’s price forecast shows buyers are showing renewed strength, pushing back against sellers and attempting to establish a firm footing.
LBLOCK/USD Key Levels:
Support Levels: $0.00001000, $0.000001830 Resistance Levels: $0.00001830, $0.00002000
LBLOCK Long Term Trend: Bullish (Daily Chart)
The beginning of the month saw strong selling pressure, pushing buyers back from the $0.00001830 key area. However, buyers are now showing resilience, and attempting to recover. The long-term trend is currently uncertain but showing signs of a potential bullish reversal if buyers can maintain momentum.
Lucky Block Price Forecast – LBLOCKUSD Outlook
The recent price action indicates a battle for control between bulls and bears. The sellers initially capitalised on the market’s vulnerability, leading to a significant pullback. However, the buyers’ refusal to yield suggests underlying strength.
Market participants are now closely observing whether the $0.00001000 support level can hold. A sustained defense of this level would reinforce the possibility of a bullish reversal. If the market experiences a positive shift, it could provide the necessary catalyst for Lucky Block’s recovery.
The Bollinger Band indicator had previously shown a lack of expansion, reflecting the sellers’ dominance. However, there are now signs of a gradual recovery, indicating renewed buyer interest. The Momentum indicator suggests buyers are gathering strength, potentially leading to a push higher. For buy traders, this could represent an opportunity to capitalize on the dip. A stronghold above the $0.00001000 level is critical for bullish continuation.
Lucky Block Medium Term Trend: Bullish (4-hour chart)
In the short time frame, there is a gradual buildup of buying pressure. A decisive break above the middle band of the Bollinger Bands could counteract the prevailing sell sentiment and signal a bullish shift.
Buyers need to maintain strong determination to achieve this breakthrough. If buyers can break the mid-band, then a retest of the previous resistance level of $0.00001830 is possible.
Lucky Block Medium Term Trend: Bullish (4-hour chart)
Lucky Block Medium Term Trend: Bullish (4-hour chart)
