$LUNC C/USDT Analysis: Bulls Gaining Momentum?
The $LUNC chart is showing some interesting short-term volatility. After a sharp dip earlier today, we are seeing a strong recovery attempt. Is this the start of a sustained move, or just a relief rally? Let’s break down the technicals:
🔍 Technical Breakdown:
• Current Price: 0.00003490 USDT (+1.39%)
• MA60 Support: The price is currently hovering just above the MA60 (0.00003473). Staying above this moving average is crucial for maintaining the immediate bullish bias.
• Volume Spike: We noticed a significant volume increase during the recent bounce, suggesting active buyer interest at the lower levels around 0.00003456.
• Resistance Levels: The 24h High sits at 0.00003677. A breakout above this level could clear the path for a move toward the 0.000038 zone.
Strategy & Outlook:
The market sentiment remains cautious but "impatiently realistic." While the long-term trend (1-year: -54.91%) shows the challenges LUNC has faced, the 90-day performance (+11.01%) hints at a slow accumulation phase.
• Bullish Case: If LUNC holds the 0.00003470 support, we could see an attempt to retest the 0.000036 resistance.
• Bearish Case: A breakdown below the MA60 might lead to a retest of the daily low at 0.00003330.
What’s your move? Are you holding for the burn mechanism to kick in, or trading the short-term fluctuations? Let me know in the comments! 👇
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