$LUNC WHALE ALERT – MASSIVE BURN TRIGGERS POTENTIAL UPSIDE!
Chart Analysis & Market Outlook:
Event: 106B $LUNC burned, reducing circulating supply by 425M tokens.
Immediate Effect: Price consolidation followed by a minor uptick as supply shock enters the market.
Support Levels: $0.000050 – strong demand zone, multiple previous bounces observed.
Resistance Levels: $0.000060 – key short-term resistance, breakout above this could trigger momentum.
Technical Indicators:
RSI: Currently neutral (~52), potential to enter bullish territory if momentum continues.
MACD: Slight bullish crossover forming, indicating possible upward movement.
Volume: Noticeable spike during burn, signaling whale accumulation.
Market Next:
Short-term: Watch for $0.000060 breakout; could lead to quick retest of $0.000065.
Mid-term: If burn trend continues, higher consolidation expected with bullish bias.
Risk: Failure to hold support at $0.000050 could lead to retest of $0.000045 zone.
Conclusion: $shows bullish potential after large burn, but traders should monitor support and resistance carefully. Whale activity suggests smart money accumulation, signaling a possible upward trend continuation.
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