Lucky Block Price Prediction- October 1
The recovery potential for the LBLOCKUSD pair shows stability as it approaches the $0.0000450 high level, backed by the steady rise in total volume at the $0.00255 level. The rising volume indicates growing interest and concerns among investors. Based on the outlook, should the daily candlestick close above the $0.0000450 supply mark, the correction phase will extend to meet the resistance at the $0.0001200 trend line, highlighting a positive investor sentiment flip.
Key Levels:
Resistance levels: $0.0000255, $0.0000256, $0.0000257
Support levels: $0.0000170, $0.0000160, $0.0000150
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The LBLOCKUSD experienced high volatility while it showed stability as it approached the $0.000450 high level, providing a cool-off for sellers in its long-term view. At this point, the price bars are above the moving average line, indicating an uptick trend.
The bulls’ pressure and thread on the cryptocurrency to the $0.0000281 resistance level in the previous action has made it possible to show stability as it approaches the upper high level and retains its upward growth in its recent high.
As of this writing, the Lucky Block pair shows stability as it approaches the Upper Channel at the $0.0000255 high level above the EMA-50. It approaches the overhead resistance as the daily chart opens today, indicating that the traders are actively buying at this level.
Hence, amid the recent bullish flag pattern formation, the LBLOCKUSD price could trigger up to hit the $0.0000450 barrier if the bulls increase their tension in the market, creating a strong area of interest for buyers while showing stability as it approaches the upper high level.
Hence, the market is pointing up on the daily signal, quickening the emergence of more buyers to move the price of Lucky Block up to a significant level on the upside, and this might hit the $0.0001200 supply trend mark, registering a buy signal for the coin traders as the market shows stability and remain strongly bullish as it approaches the upper high level in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The Lucky Block pair is positive and shows stability as it approaches the crucial level at the upsides in its medium-term time frame, trading in a bullish trend. The price is trending above the resistance trend lines, suggesting an upward trend due to the high impact of the long-term traders in the price flow.
The sustained bullish pressure that closed at the $0.0000254 high level in the previous action has enabled the LBLOCKUSD price to remain stable above the moving average as it approaches the upper high level in its recent high.
The Lucky Block price rebounded from the $0.0000246 low value and shows stability above the EMA-50 at the $0.0000255 high level as it approaches the upper resistance level, shortly after the commencement of the 4-hourly session today, obtaining a higher footing to rise further. The market participants are reacting to this pattern, and its breakout should offer a good buy entry opportunity.
Hence, the pair pointing up on the daily stochastic, implies that the LBLOCKUSD price may continue with the current bullish pattern, and this might get to the $0.0000330 previous barrier, extending to the $0.0001200 upper resistance level as the coin price shows stability as it approaches the upper high level and suggests a possible recovery of $0.0001200 supply level in the coming days in the medium-term perspective.
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