LUNC has slightly increased by 0.93% in the last 7 days, partially reducing the decline that caused it to fall by 2.19% in the last month and 25.83% in 6 months. The currency is currently trading between 0.00005793 and 0.00006576, a narrow band that keeps traders alert.
The 10-day moving average is at 0.00006091, while the 100-day moving average is at 0.00006225, indicating that the price remains within the long-term trend. The momentum indicators align: the RSI is at 42.35 and the stochastic at 32.15; both are close to oversold, but indicate that buyers do not have control. The MACD line remains below zero, suggesting a decrease in strength.
If LUNC surpasses 0.00006902, the chart points to 0.00007686, representing a potential gain of approximately 18% from the average range. If this limit is not exceeded, the currency could retreat to the minimum of 0.00005334, approximately 12% lower, and even to 0.00004551, with a drop close to 28%. With reduced volume, the upcoming sessions will determine whether the drift turns into a rally or another decline.
