#LUNC✅
New Listing: Binance launches the LUNC/USDC spot pair, aiming to increase liquidity and provide traders with broader market access.
Bearish Price Movement: LUNC is trading at $0.00003931, down 1.09% in 24 hours, below the main EMAs with a bearish MACD crossover occurring.
Net Outflow: Significant net outflow has recently been observed, indicating strong selling pressure from major players despite small hourly inflows.
Mixed Signals: Bullish sentiment from the community and an increase in futures leverage contrast with bearish spot technicals and an overall market fear index of 28.
Bearish Technicals Dominate
Price Movement: LUNC is trading around $0.00003931, below the 7, 25, and 99-hour EMAs, indicating bearish pressure. Support level is at $0.00003888, while resistance is at $0.00003993.
Technical Indicators: MACD has shifted into bearish territory, and RSI is in the neutral zone at level 47, indicating stalled momentum and potential further decline.
Capital Flow: Significant net outflow has been observed recently, showing greater selling pressure than the recent hourly inflows.
Futures Leverage Increasing
Leverage Trend: The Long/Short futures ratio has risen more than 14% in 24 hours, indicating a gradual increase in long positions from leveraged traders.
Major Trader Activity: In a certain period, major traders showed a net buying bias, with buying volume far exceeding selling volume, in line with the bullish leverage trend.
Market Tension: This increase in long leverage contrasts with weakness in the spot market, creating potential for a short squeeze if prices break above key resistance.
