#Xrp🔥🔥 $LUNC LUNC/USDT (8h timeframe) here is a **technical analysis** along with key **support and resistance levels** using *Fibonacci retracement* and price action:
🔍 **Current Price: 0.00006325 USDT*
📊 **Fibonacci Levels (retracement from 0.00006196 low to 0.00006387 high):
*0.236 Fib**: 0.00006347
*0.382 Fib**: 0.00006326
*0.5 Fib**: 0.00006292
*0.618 Fib**: 0.00006262
*1.0 Fib**: 0.00006196
*1.618 Fib extension**: 0.00006078
✅ **Support Levels (Demand Zones):
*Strong Support**: 0.00006196 (Fibonacci 1.0 + structure bounce area)
*Medium Support**: 0.00006262 (Fib 0.618)
*Minor Support**: 0.00006326 (Fib 0.382 + consolidation zone)
🚫 **Resistance Levels (Supply Zones):**
*Immediate Resistance**: 0.00006387 (Fibonacci 0.0 / local top)
*Next Resistance**: 0.00006568 (recent swing high)
* **Major Resistance**: 0.00006700 (psychological + breakout point)
🔄 **Analysis Summary:**
1. **Price is currently between 0.236 and 0.382 Fib levels**, trying to hold above 0.00006326.
2. **Bullish possibility**: If it breaks above 0.00006387 (Fib 0 level), price can test 0.00006568 and possibly head towards 0.00006700+.
3. **Bearish risk**: If it breaks below 0.00006292 (Fib 0.5), likely to test 0.00006196 again — and if that fails, next support is at 0.00006078 (1.618 extension).
4. Volume seems relatively stable, but confirmation would depend on upcoming candles and breakout volume.
📌 Strategy Suggestions:
For Buyers (Long):** Consider entries above 0.00006387 with tight stop-loss below 0.00006300.
*For Sellers (Short):** Look for rejection near 0.00006387 or failure at 0.00006292 for short opportunities.
Let me know if you want a shorter timeframe (e.g., 15m/1h) analysis or combined indicator strategy (RSI, MACD, etc.)
