Lucky Block Price Forecast: LBLOCKUSD Nears Breakout From Triangle Consolidation

Lucky Block Price Forecast: May 13

The Lucky Block price forecast allows the coin to keep pressing for a breakout as it tapers through the triangle structure.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Supply Zones: $0.0000470, $0.0000600
Demand Zones:$0.0000360, $0.0000260

LBLOCKUSD is edging closer to a breakout as it keeps tapering through a triangle structure. The market has finally lifted off the $0.0000260 support level and is rising towards breaking the $0.0000360 resistance level. As we speak, the market has thrown up many spikes that have pierced the level. Bearish pressure persists in the market but the coin keeps pushing against the pressure to reach the resistance level and break through it.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCKUSD approaches a potential breakout as it tapers within a triangular consolidation pattern.

Having recently lifted off the $0.0000260 support level, the market now sets its sights on breaching the $0.0000360 resistance level.

Despite persistent bearish pressure, the coin demonstrates resilience, evidenced by its ongoing efforts to overcome resistance.

LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)

The RSI (Relative Strength Index) line, after lingering along the oversold border, has surged to touch the 50 mark, signaling a shift in momentum towards bullish territory. Concurrently, the EFI (Elders Force Index) power line has followed an upward trajectory, reaching the equilibrium level and indicating further positive momentum.

On the 4-hour timeframe, the RSI line, having risen from oversold levels, continues to form higher lows as it strives to surpass the 50 mark decisively. Meanwhile, the EFI line fluctuates around the equilibrium level, poised for a definitive upward move. With these signals in play, Lucky Block is anticipated to sustain its bullish momentum until it successfully breaches the $0.0000360 resistance level.

How To Buy Lucky Block

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