$LUNC surged over 160%, but the rally was completely erased shortly after. That kind of move usually tells a deeper story.
What stands out on the chart is the presence of two separate 5-wave impulsive structures, both peaking near $0.000124. When price tops twice at the same zone, it often signals heavy distribution and profit-taking by larger players.
Now, $LUNC is drifting toward the key demand region between $0.000070 and $0.000075, which was the launchpad for the previous breakout.
My view: the market may see one final dip before any meaningful rebound begins. I’ll be watching the $0.000068–$0.000072 range closely for signs of strong support before considering an entry.
In volatile markets, patience usually outperforms chasing pumps.