Lucky Block Price Prediction – July 25
The pair might reach the $0.002000 supply value. Despite the indecisive market trend, the Lucky Block price maintains its recovery sentiment under the influence of a double-bottom pattern. Lucky Block’s price is facing an increase in buying pressure and might hit the $0.002000 supply value soon. The crypto will most likely continue its bullish correction and hit the $0.0002890 resistance level. Meanwhile, if the price can break up the $0.0003429 previous high, then we can expect a good upside momentum up to the $0.002000 upper resistance level, accounting for a rise for the coin buyers.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
Despite the interference from sellers, the LBLOCKUSD price still trades in the bullish trend market in its higher time frame. Price is trading above the EMA-9; this however confirms the presence of more bulls’ impact on the coin.
The bulls’ pressure on the coin in the previous action at the $0.0001071 high value has made it capable for the price to remain strong above the supply trend lines in its recent high.
With an intraday gain of 0.39%, the Lucky Block price is gradually approaching the overhead supply trend line of the double bottom pattern at the $0.0001087 high value as the daily chart resumes today.
Amid the market uncertainty, this recovery pattern could offer buyers a solid footing to attempt another upswing. As a result, a retest to the $0.0003429 previous high is crucial to invalidate any further bearish pattern.
In addition, the daily stochastic indicates an upward trend, this means that the buy investors may likely continue with the bull run and this may likely hit the $0.0003429 supply value which might extend the coin price to the $0.002000 upper resistance level soon in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The currency pair’s orientation trades in a bullish market in its medium-term outlook. The price bar of Lucky Block is seen above the moving averages. The trend has just resumed its rising pattern but has not yet reached its goal.
The bulls’ pressure on the currency pair in the past few hours has made it possible for the price to remain in an upward trend zone in recent times.
Just in after a few hours of opening the 4-hourly chart, the bulls corrected the $0.0001071 supply value to resume its uptrend. This will encourage the buy traders to invest in the crypto, as possible future gains are certain.
Therefore should the bulls increase their swagger in the market, the price of LBLOCKUSD is poised to pump up above the key resistance levels around the $0.0002000 mark.
Also, the momentum indicator which is pointing up indicates that the price of LBLOCKUSD is in an uptrend and may remain in that direction to reach the $0.002000 supply level and beyond soon in the medium-term time frame.
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