$LUNC is facing a decision point: will the bullish Falling Wedge pattern lead to a rebound, or will the massive loss of Open Interest signal a deeper correction?

Bullish Scenario (LONG): A successful breakout and close above the Falling Wedge and the short-term EMAs (around $0.057) is needed for confirmation. If this occurs, the target remains the prior high, potentially above $0.070.

Bearish Scenario (SHORT): A sustained break and close below the key support level of $0.05473 would invalidate the bullish pattern and likely confirm the continuation of the correction, driven by the collapsing Volume and OI.

Given the sharp drop in Open Interest, chasing the price now is highly risky. Wait for a clear breakout from the wedge (for Longs) or a confirmed breakdown of the $0.05473 support (for Shorts) to confirm the next directional move. ⚠️

LUNC

0.00005124

-2.73%