Lucky Block Buyers Choose Silence As Volatility Erupts
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Lucky Block Price Forecast- LBLOCKUSDT Buyers Choose Silence As Volatility Erupts

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Azeez Mustapha

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LBLOCK/USDT Price Forecast- September 16th

Lucky Block price forecast shows price taking a step back before bullish emergence

Lucky Block Key Levels

Support Levels: $0.00001736, $0.000001460
Resistance Levels: $0.00002833, $0.00003161

GATEIO:LBLOCKUSDT Chart Image by Gaint-writer

LBLOCKUSDT Long-Term Trend: Bearish (Daily Chart)

After months of trading in an exceptionally tight and low-volatility range, the Lucky Block market has erupted with a decisive bearish breakdown. The prolonged Bollinger Band squeeze has resolved to the downside, with sellers taking firm control just for the main time. They are currently pushing the price below a critical long-term support level. This development signals the end of the consolidation phase and the likely start of a new downtrend.

Lucky Block Price Forecast – Market Outlook

LBLOCK/USDT clearly shows the dramatic shift in market conditions. For the past several months, the Bollinger Bands were extremely narrow, indicating a period of deep consolidation and a build-up of energy for a major move.

That move has now occurred, with the price breaking below the key support at 0.00002833 and the lower Bollinger Band.
The bands are now rapidly expanding, confirming the return of volatility, which is currently dominated by sellers. This bearish breakdown is further validated by the Money Flow Index (MFI).

The MFI has plunged to a reading of 32.23 and is pointing sharply downwards, signifying a strong outflow of capital and intense selling pressure. With support broken, the next major target for sellers is the 0.00001736 level.

GATEIO:LBLOCKUSDT Chart Image by Gaint-writer

LBLOCKUSDT Short-Term Trend: Bearish

The 4-hour chart provides a detailed look at the sharp and impulsive nature of the recent breakdown. The price sliced through its previous support floor with ease, and the Bollinger Bands have exploded wider, reflecting the sudden surge in bearish momentum.

The price is currently riding the band, trading at or near the lower Bollinger Band, which is a classic sign of a strong recovery later. The Money Flow Index (MFI) is deep in bearish territory at 36.82, confirming that sellers have complete control over the short-term price action. Any potential bounces are likely to be shallow, with the former support area and the middle Bollinger Band now expected to act as formidable resistance.

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