$LUNC – Technical Analysis (30m)
The chart is showing a very clear story over the last hours:
🔵 1. Strong price rejection – the market hit a major resistance zone and was pushed down sharply. That rejection at the top signaled weakening bullish momentum.
📉 2. Big red volume candle – a heavy sell-off (circled below) indicates that larger players were unloading positions. This was not a random move.
📈 3. Uptrend still holding – the price is moving along the rising trendline, but it’s currently fighting in the 0.000043–0.000045 zone. Holding this area is crucial.
🟢 4. EMA 50 is pressing from above, while EMA 200 is acting as support. Classic squeeze zone – the market will choose a direction soon.
🔥 What’s next?
If LUNC holds the trendline and moves back above 0.000045, we could see another attempt at 0.000050.
But a breakdown below the trendline could send the price toward 0.000042.
📌 Watching the reaction at the trendline – this will be the turning point.
