The LUNC coin is trading today at around $0.000059 with a daily trading volume of $14.3 million. The coin has seen a decline of 5.17% over the last 24 hours.
Technical Indicators:
Moving averages (MA) across all timeframes indicate strong sell signals, reflecting the weakness of the current upward trend.
The Relative Strength Index (RSI) is around 38, indicating that the coin is in the area near oversold but not excessive yet.
The MACD indicator shows bearish momentum, as the signal line is above the MACD line, indicating ongoing selling pressure.
Support and Resistance Levels:
The first support at $0.000058 represents a potential pivot point for buyers to return, and the second support at $0.000056 is a critical level, and breaking it may increase selling pressure.
The first resistance at $0.000062 is a barrier to any upward attempts, and the second resistance at $0.000065 is a stronger level that needs a strong close to confirm the continuation of the upward trend.
Forecast:
LUNC is expected to continue to fluctuate in the near term. If the price can break the resistance at $0.000062 with a strong close, it may witness a gradual rise towards $0.000065. However, if it breaks the support at $0.000058, the decline may extend towards $0.000056. Overall, the market remains cautious, and the upcoming price movement depends on the strength of buyers and sellers at these critical levels.
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