$LUNC LUNC/USDT Technical Update: Consolidation After Pullback

LUNC is currently showing signs of stabilization following a sharp rejection from its recent high. Here’s the breakdown:

Current Price: 0.00003824 (-1.57%)

Key Resistance: 0.00004347 (24h High)

Support Level: 0.00003718 (24h Low)

🔍 Technical Insights:

RSI (6): Currently at 54.92. This is neutral territory, suggesting the selling pressure has cooled off, but there isn't enough bullish momentum for a breakout yet.

Trend: The 1-hour chart shows a series of green candles attempting to bounce off the local support.

Market Sentiment: Down 38.86% over the last 7 days, indicating a heavy corrective phase despite a small 24h recovery.

💡 Strategy Note:

Watch for a sustained hold above 0.00003850 to confirm a short-term reversal. A break below the 24h low could signal further downside toward the next support zone.

Trade carefully and manage your risk! 🚀

#LUNC #CryptoTrading #TechnicalAnalysis #Binance