Technical Analysis of $LUNC ๐
LUNC is showing strong bullish momentum with the price holding above key moving averages (MA7 โ MA50 โ MA100).
The market is moving with confidence โ letโs break it down ๐
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2๏ธโฃ | Key Support & Resistance Levels ๐งฑ
๐น Strong support: 0.00006800
๐น Next support: 0.00006600
๐น Immediate resistance: 0.00007150
๐น Higher resistance: 0.00007300
A confirmed breakout = setup for the next rally โ
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3๏ธโฃ | Liquidity & Volume ๐
24h trading volume is over $20M, with clear signs of whale accumulation in the past 48 hours.
Momentum is backed by solid liquidity and strong buying pressure.
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4๏ธโฃ | Burn Factor ๐ฅ (Supportive Element)
Billions of LUNC have been burned, reducing circulating supply to 5.57 trillion.
๐ Side Note: Market cap has also increased, reflecting growing investor confidence.
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5๏ธโฃ | Summary ๐
โ Strong technical momentum ๐ฅ
โ Healthy liquidity ๐ฐ
โ Solid support zones โ
โ Ongoing token burns ๐งจ
LUNC is in a favorable position โ watch for a confirmed breakout above 0.00007150.