Lucky Block Price Prediction – May 25
The Lucky block market is on the verge of an upside reversal. The Crypto is about completing the dip-low movement and is on the verge of a correction phase. 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 $0.0000940 high value and this may likely hit the $0.0001200 supply trend line.
Key Levels:
Resistance levels: $0.0000400, $0.0000500, $0.0000600
Support levels: $0.0000250, $0.0000200, $0.0000150
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is having a bearish posture and is on the verge of an upside reversal on the daily chart. The price is below the EMA-50, indicating a downward momentum and the high impact of sellers in the market.
The sell traders made a downward move to the $0.0000285 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low. Hence, the crypto market is now oversold and is on the verge of an upside reversal.
Today, actions from the sell traders further tumbled the LBLOCKUSD price to a low of $0.0000271 below the supply levels. This is a result of low bullish momentum. Meanwhile, buyers may seize this opportunity to buy the coin at a lower rate for a better gain in the future.
Further, if the bulls could trigger their forces in the market, the coin price may experience an upside reversal at the $0.0000271 low level to retest the previous high of $0.0000940 level, resulting in a high recovery potential for the coin buyers.
In conclusion, the Lucky Block pair is on the verge of an upside reversal as the market has fallen to the oversold region of the daily stochastic. It implies that the selling pressure is likely to end soon. This will compel buyers to resume sooner and the next bullish corrective pattern may extend to the $0.0001200 high mark sooner in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Here on the medium-term chart, LBLOCKUSD is showing a downward movement and is still on the verge of an upside reversal. This is clear as we can see price continues to make lower highs and lower lows.
The price hovers at 0.0000271 support level below the moving averages as the 4-hourly chart begins today. All eyes are glued on $0.0000450 but seller congestions at the mentioned support have become impenetrable. The bulls are also battling the resistance at the $0.0000293 supply level. Thus, if the price closes above this level, it would be a turnaround for the Lucky Block buy traders.
Furthermore, the LBLOCKUSD pair is on the verge of an upside reversal as the price has fallen below the 20% range of the daily stochastic. It indicates that the pair is now in the oversold region of the market. This means that 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 reverse and pump or surge upsides to hit the $0.0001200 resistance value in the days by in its medium-term outlook.
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