$LUNC is cooling off after a strong impulse that pushed price into the 0.00007063 high. The 15m structure shows momentum fading as price slips below the 7MA and 25MA, which signals short term control shifting back toward sellers. The rejection from the upper liquidity pocket came with clear profit taking and some defensive positioning from traders who bought late in the move.
Despite the pullback, there is no sign of heavy liquidation pressure. The candles are clean and controlled, and the declines are happening on lower volume. That usually means the move down is driven by rotation rather than forced exits. Funding conditions across the broader market remain neutral, confirming that leverage did not drive the spike or the correction.
Liquidity behavior is straightforward. The breakout from 0.00004759 attracted large spot demand and possibly a few whale sized orders that helped push price through thin order books. Once LUNC hit the 0.00007000 region, order flow shifted and sellers absorbed most of the buys, causing momentum to stall. This kind of exhaustion candle is common after oversized vertical moves.
The key support now sits around 0.00005200 to 0.00005000. If LUNC stabilizes above this zone, buyers may attempt another rotation higher once liquidity resets. A clean reclaim of 0.00005700 would be the first signal that momentum is returning. On the other hand, losing support would open the door for a deeper retrace toward the 99MA.
For now, the chart shows a cooling phase after a high velocity run. The next trend depends on whether buyers defend the mid range or allow a deeper pullback. The structure remains constructive as long as LUNC holds above the breakout region and volume stays steady.
