#BinanceAlphaAlert #Lunc2TheMoonSoon 🌖 LUNC price analysis

The daily chart reveals that the LUNC token price bottomed at $0.00004690 last week, where it formed a hammer candle. A hammer comprises a long lower wick and a small body, and is often a highly bullish pattern.

LUNC price has crossed the upper side of the falling wedge pattern. A wedge has two falling and converging trendlines, often leading to a strong rebound. It has also jumped above the key resistance point at $0.00007140, the lowest swing since September 5.

Therefore, the token will likely keep rising as bulls target the key resistance point at $0.0001025, the 38.2% Fibonacci Retracement level, about 40% above the current level. A drop below the support at $0.00005525 will invalidate the bullish view.$LUNC