Lucky Block Price Forecast – LBLOCKUSDT Recovery Faces a Test as Short-Term Momentum Shifts

LBLOCK/USDT Forecast – August 11th

Lucky Block (LBLOCKUSDT) price forecast shows a bullish recovery from the lows is underway on the daily chart, but a short-term pullback is now in effect, testing the strength of the recent bounce.

Lucky Block Key Levels

Support Levels: $0.00002833
Resistance Levels: $0.00004000, $0.00006490

Lucky Block Long-Term Trend: Bullish (Daily Chart)

The Lucky Block market is in the midst of a promising recovery from its multi-week lows, with daily indicators confirming a bullish turn after a period of intense selling. However, this newfound optimism is now being tested as short-term momentum has shifted, pulling the price into a minor correction. This sets up a crucial test for buyers to prove whether the recent bounce is the start of a sustainable recovery or merely a temporary relief rally.

Lucky Block Price Forecast – LBLOCKUSDT Outlook

LBLOCK/USDT shows a market that is attempting a significant reversal from its lows. After the breakdown in late July, the price continued to fall until it found a solid base of support at $0.00002830. From this level, a strong bullish bounce has been initiated, signaling that the intense selling pressure has been exhausted and buyers are stepping back into the market.

Although the broader market structure remains bearish, this bounce is the first credible challenge to the downtrend. The primary objective for bulls will be to reclaim the former support level at $0.00004000, which is now expected to act as significant overhead resistance.

The technical indicators on this chart have turned bullish, supporting the ongoing recovery. The Momentum indicator has crossed above its baseline into positive territory, with a reading of 0.00000278. This confirms that the bounce is being driven by buying pressure.

Furthermore, the Stochastic oscillator has executed a bullish crossover from the oversold region and is rising, a classic buy signal that suggests a reversal of the prior downtrend is in progress.

Lucky Block Short-Term Trend: Bullish (4-Hour Chart)

The 4-hour chart provides a more detailed view of the current price action. After a strong rally from the lows, the upward momentum has stalled, and the price has entered a minor corrective phase. Trading at $0.00003441 with a slight loss of -0.06%, the asset is currently pulling back to test the strength of the newly formed short-term uptrend.

While bulls established control with the recent bounce, they are now facing their first test from sellers. This pullback is a normal part of a healthy trend, as it allows the market to consolidate before its next move. The bulls will need to defend the recent lows to maintain their newfound control. The indicators on this timeframe have flipped to reflect the current pullback.

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How To Buy Lucky Block

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