Lucky Block Shows Early Bullish Signs, Attempts to Break Out of Consolidation Range

LBLOCK/USDT Price Forecast – July 17th

Lucky Block (LBLOCK/USDT) price forecast shows weeks of sideways movement are turning bullish as the price challenges the top of its established trading range.

Lucky Block Key Levels

Support Levels: $0.00003190, $0.00001970
Resistance Levels: $0.00006500, $0.00008390

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

The Lucky Block market is showing tentative signs of awakening after a prolonged period of deep consolidation. While the broader market picture remains neutral, a recent surge in buying pressure on shorter timeframes suggests that bulls are attempting to break the deadlock. The price is currently testing the upper boundary of its multi-week range, with key indicators beginning to signal a potential shift in momentum.

Lucky Block Price Forecast – LBLOCKUSD Outlook

The daily chart for LBLOCK/USDT shows a market that has been building a base following the extreme volatility of the second quarter. After a massive price rally in May was followed by a sharp correction in June, the price stabilized above the critical support level of $0.00003190. For the past several weeks, the asset has been trading sideways, indicating a period of accumulation and equilibrium between buyers and sellers.

The price is nestled in the upper portion of this consolidation zone. While the market has not yet established a new uptrend, the prolonged sideways action after a steep decline is often a precursor to a reversal. The immediate challenge for bulls is to generate enough momentum to break out of this basing pattern and challenge the $0.00006507 resistance. The indicators on the daily chart present a cautiously optimistic picture.

While the MA Cross (9, 21) remains in a bearish configuration, the moving averages are flattening and converging, signaling that the previous downtrend’s momentum has completely dissipated. More importantly, the MACD indicator has recently posted a bullish crossover below the zero line. This is often an early signal that a bottom is forming and that momentum may be slowly shifting in favor of the bulls.

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

The 4-hour chart provides a clearer view of the budding bullish activity, showing LBLOCK/USDT trading at $0.00004266, up +1.26%. This timeframe highlights the tight trading range that has confined the price since early July. However, in the most recent sessions, the price has pushed decisively towards the top of this channel, indicating a clear attempt by buyers to initiate a breakout.

A large green candle signals a recent injection of buying pressure. On this timeframe, the bulls are currently in control, dictating the price action and challenging the sellers who have thus far capped the range. A sustained hold and close above the current levels would confirm a short-term breakout and could trigger a new wave of buying interest.

How To Buy Lucky Block

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