LBLOCK/USDT Price Forecast – July 18th
Lucky Block price forecast shows key indicators have flipped bullish, supporting a potential breakout from the multi-week trading range.
Lucky Block Key Levels
Support Levels: $0.00003190, $0.00001970
Resistance Levels: $0.00006500, $0.00008400
Lucky Block Long-Term Trend: Bullish (Daily Chart)
The Lucky Block market is showing compelling technical signs of a bullish reversal after an extended period of consolidation. Following a significant correction, the price has stabilized and formed a solid base. Now, key indicators across multiple timeframes are aligning to suggest that buyers are beginning to take control, positioning the asset for a potential breakout from its prolonged sideways channel.
Lucky Block Price Forecast – LBLOCKUSD Outlook
The daily chart for LBLOCK/USDT reveals a market that is transitioning from a neutral basing pattern into a potential new uptrend. After the dramatic price movements in May and June, the market found its footing above the $0.00003190 support level and spent weeks moving sideways. This type of consolidation after a steep fall is often indicative of accumulation and the exhaustion of selling pressure.
The price is now beginning to curve upwards, suggesting the start of a recovery. The long-term bearish sentiment has clearly dissipated, and the focus is now on the bulls’ ability to build on this nascent momentum. The first major hurdle will be to reclaim the $0.00006507 resistance zone to solidify the reversal.
The technical indicators on this chart have now decisively flipped bullish.
The Parabolic SAR dots have recently appeared below the price candles, providing a clear signal that the previous downtrend has ended and a new uptrend is technically underway. Supporting this, the Percentage Price Oscillator (PPO) has executed a bullish crossover from below the zero line, confirming that upward momentum is starting to build for the first time in weeks.
Lucky Block Short-Term Trend: Bullish (4-Hour Chart)
The 4-hour chart provides a close-up of the price action, with LBLOCK/USDT trading at $0.00004271. This timeframe clearly shows the tight, horizontal range that has defined the market for most of July. However, in recent sessions, the price has been persistently pushing against the top of this channel, signaling a clear intent from buyers to break out.
Bulls are in control of the immediate price action, pressing the market higher and testing the resolve of sellers who have defined the top of the range.
A sustained breakout above the current resistance level around $0.00004400 would likely attract more buyers and fuel a stronger directional move. The Parabolic SAR dots are firmly below the candles, indicating that the immediate trend is up and providing dynamic support on any minor dips.
How To Buy Lucky Block
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