The Lucky Block price forecast is preparing for another potential expansion. The token price is closing the gap after days of effort.
LBLOCKUSD Key Levels
Support Level: $0.00000860, $0.00000980 Resistance Level: $0.00001890 , $0.00001920
Lucky Block Long Term Trend: Bullish (Daily Chart)
Recently, the price has seen a buildup from the $0.00000860 key level up to the current zone around $0.00001260. Since February, sellers have exerted control over the market, creating a challenging environment for buyers.
Lucky Block Price Forecast – LBLOCKUSD
Despite the bulls’ efforts, they have struggled to break through the significant resistance level at $0.00001890. Recently, Lucky Block broke out of its consolidation phase, leading to a pullback as sellers took prices lower.
However, sellers are now gaining attention as buyers prepare for another potential expansion. The Bollinger Bands indicate a tightening of price action, suggesting that a breakout may soon occur as the market compacts.
The Momentum indicator remains in the mid-range, indicating a potential for upward movement. On the short time frame, buyers are actively looking for a breakout, and the Bollinger Band indicator supports this buildup, signaling that volatility may soon increase.
LBLOCK Medium-Term Trend: Bullish (4-hour chart)
The outlook for LBLOCKUSD suggests that the market is preparing for an expansion as buyers seek to capitalise on the current dynamics. If the buildup continues, a breakout beyond the $0.00001260 resistance could set the stage for further gains.
Traders should closely monitor the behaviour of the Momentum indicator and Bollinger Bands for signs of potential breakout points. A successful push above the $0.00001260 level may pave the way for a new wave of bullish activity.
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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