This coin (LUNC) is currently in a very difficult position.
In the near future, it is likely to face:
1. Pressure to decrease. The price is already below important moving averages (MA). The inscription "More ▼" and low RSI (26.57) indicate that sellers are stronger.
2. Struggle for the level. The key task is to stay above the minimum for 24 hours (~0.00004734). If it doesn't hold, it may try to drop to 0.00004164 (the next visible level on the chart).
3. A strong impulse is needed. For growth, a large volume of purchases is required to break through the resistance around 0.00005230 — 0.00005295. So far, there are no signs of this.
In simple terms: The trend is weak, the sentiment is bearish. Without an influx of new money and positive news about the project, a downward movement or sideways (stagnation) is more likely than growth.
⚠️ Important: This is not investment advice, but an analysis of the current situation on the chart. Cryptocurrencies are very volatile.
