Lucky Block Price Forecast: LBLOCKUSD Poised for Triangle Structure Breakout

Lucky Block Price Forecast: July 28

The Lucky Block price forecast is for the prolonged range of the market to result in an aggressive breakout that will break the $0.0001420 consolidation resistance level.

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

Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001100
Demand Zones: $0.0000880, $0.0000720, $0.0000650

LBLOCKUSD bulls are struggling for market dominance, resulting in a ranging movement. The price has stabilized above the $0.0000880 level but has not surpassed the $0.0001420 resistance level it previously broke through. Buyers are active within this zone, causing significant market reactions.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCKUSD Bulls are currently embroiled in a fierce battle for supremacy in the market, resulting in the coin being confined to a ranging movement. Over the past two months, the coin has managed to maintain stability above the significant support level of $0.0000880.

Conversely, the price has struggled to surpass the critical resistance level at $0.0001420, which it breached during its downward trajectory. This price range has become a hot zone with intense activity as buyers attempt to gain the upper hand.

Analyzing the daily chart, it is evident that the Bollinger Bands have been steadily tightening around the market, effectively narrowing the range to $0.0001250–$0.0000000.

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

Additionally, the RSI (Relative Strength Index) line has shown incremental upward movements and has recently crossed the mid-line, suggesting a potential bullish trend. Zooming in on the 4-hour chart, the Bollinger Bands have further constricted the market, limiting it to a range between $0.0001100 and $0.0000800. This tight consolidation indicates the possibility of a significant breakout.

The outlook is also optimistic, as the RSI line has risen to the mid-line and appears to be fluctuating around it, indicating potential movement toward the overbought zone. Considering these technical indicators, there are strong indications that a bullish move may be imminent for LBLOCKUSD toward breaking out of the $0.0001420 resistance.

 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.