$LUNC /USDT — Heavy Sell-Off but Stabilizing at Support
Price: $0.00004579
Move: -23.91%
Intraday High/Low: $0.00006078 / $0.00004318
Reason:
LUNC faced an aggressive sell-off after failing to hold the 0.000051 range. The drop pushed price into oversold territory on short timeframes, attracting a small bounce. Volume remains elevated, signaling active participation but still dominated by sellers.
Key Levels:
• Support: 0.00004350 — 0.00004318 (strong demand zone where buyers last reacted)
• Resistance: 0.00004720 — 0.00004850 (MA7 + MA25 cluster)
Trend: Short-term bearish, as price trades below all major moving averages, with the MA99 far above indicating broad downtrend pressure.
Trade Idea:
• If price reclaims 0.00004720 with rising volume, then a push toward 0.00004850–0.00005000 is possible.
• If price rejects at MA7/MA25 again, then expect another retest of 0.00004350–0.00004318 for liquidity.
