LUNC/USDT is currently trading at 0.00008351, experiencing a decline of -1.67% over the short term. Despite this pullback, the pair is hovering around the VWAP level of 0.00008439, while the 200-period moving average at 0.00007986 acts as a critical support level after the recent bullish breakout.

The RSI is holding at 63.14, indicating that the pair is nearing overbought conditions, which may lead to some consolidation or a temporary retracement. The MACD also reflects a bullish sentiment, with the MACD line at 0.00000221 above the signal line at 0.00000166, further supporting this momentum.

However, LUNC/USDT faces a key resistance zone near the 0.00008700 level. A successful break above this level could propel the pair to the next target at 0.00009000. On the other hand, a failure to break this resistance may result in a short-term retracement toward the 0.00007850 support zone.

Traders should closely monitor the price action around this critical resistance zone. A confirmed breakout above 0.00008700 could signal a continuation of the bullish trend, while a rejection could lead to consolidation or a retracement to test lower support levels.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.

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