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Lucky Block Price Forecast: May 28
The Lucky Block price forecast is for the market to attract investors at the $0.0000260 support level leveraging the price consolidation for a potential rally.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000470, $0.0000360
Demand Zones: $0.0000300, $0.0000260
LBLOCKUSD continues ranging between key levels to build momentum. The market has shifted its tactics from utilizing the triangle pattern due to pressure on the market. The price has now dropped below the $0.0000300 key level effectively converting it to a resistance. The market is now ranging with the support level at $0.0000260. It is anticipated that this will lead to a price surge that will break all the barriers to lift the coin to $0.00004700.
Lucky Block Price Forecast: LBLOCK/USD Outlook
LBLOCKUSD continues to range between critical levels, aiming to build the necessary momentum for a significant price surge.
The market has adapted its strategy, shifting from a triangle pattern due to increasing pressure. Consequently, the price has dropped below the $0.0000300 key level, converting it into resistance.
Currently, the market is ranging with support at $0.0000260, which is expected to eventually lead to a price breakout and lift the coin to $0.00004700.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
Crypto signals on the daily chart indicate that the price has fallen below the middle Bollinger Band, which aligns with the $0.0000300 resistance level. The lower Bollinger Band coincides with the $0.0000260 support level, with the price oscillating between these bands. The RSI (Relative Strength Index) line, previously oscillating around the 50 mark, has now dropped below it, reflecting the current market consolidation.
On the 4-hour timeframe, the Bollinger Bands have constricted around the candlesticks, indicating market consolidation as the price ranges between the key levels. The RSI movement is more volatile in this shorter timeframe but remains around the 50 mark. This lower price is expected to attract investors, leveraging the consolidation phase to build momentum for an anticipated surge to $0.0000470. Meanwhile, Bitcoin will try to hold above the $66,900 level in the meantime.
How To Buy Lucky Block
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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