Lucky Block Price Prediction- March 29
LBLOCKUSD price may likely rise to retest the $0.0003429 supply level as it is about to resume its bullish race. The coin is making every effort to avoid falling sharply to the downside. Therefore, if the bulls could trigger their market forces, the price may reverse and turn positive to reach the $0.01000 high level and beyond.
Key Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001400, $0.0001300, $0.0001200
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The LBLOCKUSD pair is showing a bearish display in its long-term perspective. The price bars can be seen below the moving averages. This is due to the high inflow from the sell traders.
However, there is about to be a turnaround for the LBLOCKUSD buy traders as the market now approaches the oversold region.
The sustained bearish pressure to the $0.0001472 support value in the previous session has made the crypto price remain below the supply trend levels in its recent low.
Meanwhile, the current price at a $0.0001499 low value below the supply trend lines suggests a downward bullish momentum. Thus, traders who buy the coin during the bearish market will get it at a lower price and also make gains in the future. Should buyers increase their buying tension in the market and push the price higher to the upside above the $0.0002599 level, further bearish pressure will be stopped.
In addition, the Stochastic is also showing that the market is approaching the oversold region. This means that the selling pressure will end soon. This will compel the bulls to resume the bullish trend to retest the $0.000349 supply level; the $0.01000 resistance level might be reached in the days to come in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The market price of LBLOCKUSD is currently trading in the bearish market zone. This is due to the inflows from the sell traders.
The sell traders moved downward to the $0.0001473 support level before the end of yesterday’s session. This made the coin price trade below the supply levels at its recent high.
The bulls made a comeback action to the $0.0001515 resistance value below the two moving averages as a pullback as the 1-hourly session resumes today. This is an indication that the bulls are returning to the market to take their stands. Thus, if the long traders could break above the $0.0002599 supply mark, the bearish thesis will be invalidated.
Additionally, the price of Lucky Block now points up in the oversold region, this will compel the bulls to resume the upward movement and in this case, the price might possibly swing up to retest its previous high of $0.0002599 value which could further extend the coin price to the $0.01000 supply mark and beyond in the days ahead in its medium-term time frame.
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