Lucky Block Price Prediction- October 28
The LBLOCKUSD price is on the verge of reversal as it is about completing the dip-low movement to resume the upside trend. The coin price might rebound and turn upside as the market is oversold. Hence, if all the current support holds and the bulls should push higher, the price breakout may test the previous high at a $0.0000398 high value and extend to hit the $0.000800 supply trend line, resulting in a high recovery for the coin holders.
Key Levels:
Resistance levels: $0.0000250, $0.0000260, $0.0000270
Support levels: $0.0000200, $0.0000199, $0.0000198
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD pair is facing downward pressure and it’s on the verge of reversal as the selling pressure seems to be exhausted in its long-term view. The price is below the EMA-50, indicating a bearish momentum and the high impact of sellers in the market.
The sustained bearish pressure in the past few days at the $0.0000216 support value has made the crypto price remain below the supply trend levels and be on the verge of reversal in its recent low.
Today, the Lucky Block price seems to be on the verge of reversal as the sell traders drove the coin price to a low at $0.0000211 level below the EMA-50, indicating a downturn move. A new resistance test is likely soon as the selling pressure appears to be nearing a phase of correction.
Further, the Lucky Block market has fallen to the oversold region of the daily stochastic, suggesting the crypto price is on the verge of reversal. As a result, buyers’ emergence may turn the coin price to a high at $0.000800 upper high mark sooner in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
On the medium-term chart, LBLOCKUSD is showing a downward movement and remains on the verge of reversal. The price bar is below the supply trend levels, indicating a bearish momentum. The high order flow from the bears to a $0.0000214 low value in the past session also added to this bearishness.
The Lucky Block price at the $0.0000200 support level below the EMA-50 is on the verge of reversal as the selling pressure is about to subside.
Therefore, if buyers can wrestle trend control with the bears at the $0.0000211 support level, the coin price might reverse and turn positive to reach the $0.0000298 previous barrier, leading to a continued bullish correction.
Additionally, the pair has fallen below the 20% range of the daily stochastic, indicating that the LBLOCKUSD pair is on the verge of reversal; the selling pressure is likely to run to an end. We will now be looking into the emergence of buyers in the oversold region of the market.
As a result, the price could pump or surge upsides to hit the $0.000800 resistance value soon in its medium-term outlook.
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