Lucky Block Price Forecast - Lucky Block Teeters on the Edge of Key Support as Sellers Dominate
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Lucky Block Price Forecast – Lucky Block Teeters on the Edge of Key Support as Sellers Dominate

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Azeez Mustapha

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LBLOCK/USDT Price Forecast – September 3rd

Lucky Block price forecast shows market has entered a critical phase as its prolonged period of low volatility pushes the price onto a crucial support level.

LBLOCK/USDT Key Levels

Support Levels: $0.00002830, $0.00001736, $0.00000833
Resistance Levels: $0.00004000, $0.00006497, $0.00008380

Lucky Block Price Forecast - Lucky Block Teeters on the Edge of Key Support as Sellers Dominate

LBLOCK/USDT Long-Term Trend: Bullish (Daily Chart)

While the market remains quiet, underlying bearish pressure is evident, with sellers subtly maintaining control. The ongoing Bollinger Band Squeeze suggests a significant move is pending, and the current price action hints that it may be to the upside.

Lucky Block Price Forecast – LBLOCKUSDT Outlook

LBLOCK/USDT continues to be defined by the aftermath of the May price spike, with the market locked in a low-volatility sideways channel. However, the character of this range has turned increasingly bearish. The price, currently at $0.00003126, is no longer consolidating in the middle of the range but is actively pressing down on the key support floor at $0.00002833.

A key technical development is visible with the Bollinger Bands. While the bands remain tightly squeezed, the price has begun to consistently “ride the lower band.” This is a classic bearish signal that indicates persistent, grinding selling pressure with no significant bounce or relief from buyers. It suggests that the path of least resistance is to the downside, and a break of the $0.00002833 support could trigger the volatility expansion the squeeze has been predicting.

The Momentum indicator corroborates this bearish outlook. With a negative reading of -0.00000270, it confirms that there is no much of selling power in the market to counter the slow drift. This lack of positive momentum strengthens the case for an eventual breakdown.

Lucky Block Price Forecast - Lucky Block Teeters on the Edge of Key Support as Sellers Dominate

LBLOCK/USDT Short-Term Trend: Bearish (4-Hour Chart)

On the 4-hour timeframe, the bearish bias is even more apparent. The price, currently at $0.00003126, is carving out a clear, albeit slow, pattern of lower highs and lower lows. This structure confirms that sellers are in firm control of the short-term trend.
The Bollinger Bands on this chart show the price is trading almost exclusively in the lower half, below the 20-period simple moving average (middle band). This middle band has been acting as a steadfast dynamic resistance, rejecting every minor rally attempt and pushing the price back towards the high. This systematic pressure is a clear indication of buyers dominance.

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