Lokesh Gupta
17-07-2023
Following the breakout, the price of LUNC has experienced a remarkable surge of 12% over the past three days. As of the present moment, the altcoin is trading at $0.0000940. The subsequent rally has been accompanied by a significant increase in trading volume, indicating a strong conviction among buyers in the market.
The LUNC price currently encounters resistance at $0.00009700, with a significant obstacle at $0.00010200. A decisive breakthrough above $0.00010200 could signal the start of a substantial uptrend, potentially leading to a rise towards $0.00010500. Further upward movement might even pave the way for the price to reach the resistance level of $0.00011500.
However, if the $0.00009700 barrier proves to be insurmountable, a downward trend may ensue. Initial support can be found at $0.0000900, followed by a more substantial support level at $0.00008700. Should the price fall below $0.00008700, it could continue its decline towards the $0.00008300 support level. Further losses may intensify selling pressure, potentially causing the price to drop below $0.00008000.
According to Coingabbar Price Analysis, The market capitalization of this LUNC is estimated to be $539,967,389. The 24-hour trading volume for the coin is around $99,012,523.
KEY LEVELS :
RESISTANCE LEVEL : $0.00009600-$0.00010200
SUPPORT LEVEL : $0.00009000-$0.00008600
"Will LUNC hit a new yearly high? Share your views below in the comments as the completion of a falling wedge theoretically sets predetermined targets at swing highs formed during its development."
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
5 months ago
Good Sharing
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