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Steven Walgenbach
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Luna Classic Price Prediction: LUNC Surges 7% And Could Breakout to the Upside Soon A symmetrical triangle has formed on the 4-hour chart for $LUNC . This specific chart pattern suggests that the Luna Classic price may breakout in the next few hours. Should this move be towards the upside, the crypto’s value may attempt a challenge at the strong resistance level at $0.00014915. A break above this threshold could then give the Luna Classic price the foundation needed to potentially rise to as high as $0.0002. On the other hand, a strong bearish move could lead to LUNC plummeting all the way down to $0.0000999. If sellers decide to continue exerting sell pressure on the cryptocurrency, the altcoin could even retest the subsequent support level at $0.00007930 in the short term. Technicals Support a Bullish Outlook Technical indicators suggested that the Luna Classic price may rise in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bullish.  The MACD line was breaking away above the MACD Signal line. This is a positive technical flag which suggests that the cryptocurrency’s bullish trend may continue. Meanwhile, the RSI was breaking away above its Simple Moving Average (SMA) line. Normally, this is taken as a sign of increasing buyer strength against bears. #LunaClassic #LUNC

Luna Classic Price Prediction: LUNC Surges 7% And Could Breakout to the Upside Soon

A symmetrical triangle has formed on the 4-hour chart for $LUNC . This specific chart pattern suggests that the Luna Classic price may breakout in the next few hours. Should this move be towards the upside, the crypto’s value may attempt a challenge at the strong resistance level at $0.00014915. A break above this threshold could then give the Luna Classic price the foundation needed to potentially rise to as high as $0.0002.

On the other hand, a strong bearish move could lead to LUNC plummeting all the way down to $0.0000999. If sellers decide to continue exerting sell pressure on the cryptocurrency, the altcoin could even retest the subsequent support level at $0.00007930 in the short term.

Technicals Support a Bullish Outlook

Technical indicators suggested that the Luna Classic price may rise in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bullish. 

The MACD line was breaking away above the MACD Signal line. This is a positive technical flag which suggests that the cryptocurrency’s bullish trend may continue. Meanwhile, the RSI was breaking away above its Simple Moving Average (SMA) line. Normally, this is taken as a sign of increasing buyer strength against bears.

#LunaClassic #LUNC

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Could BONK Be Set for a Major Rally? Key Resistance Break Might Spark Huge Gains! In recent trading sessions, #BONK has shown some interesting technical movements on the 4-hour chart. The closing prices have experienced minor fluctuations. These movements suggest a slight volatility in the market, with prices testing both the resistance and support levels. The 9 Exponential Moving Average (EMA) has been declining from $0.00002591 to $0.00002558, indicating a bearish momentum as the prices have consistently closed below this moving average. Similarly, the 20 EMA shows a slight decline from $0.00002543 to $0.00002541. This aligns with a short-term bearish sentiment as the price remains below both the 9 and 20 EMA. The Moving Average Convergence Divergence (MACD) further supports this bearish outlook. The MACD line has been trending downwards, from 0.00000056 to 0.00000032, while the signal line has shown a sharper decrease, indicating an increase in bearish momentum. Notably, the histogram has moved from a positive 0.00000002 to a more pronounced negative 0.00000014, signifying growing bearish strength. The Relative Strength Index (RSI), another critical indicator, suggests neutrality leaning towards bearishness. Values have slightly declined from 53.89 to 49.35, indicating that the market is neither overbought nor oversold but is trending towards potential bearish conditions. Current resistance and support levels are key to determining future movements. Resistance levels are set at $0.00002548 and $0.00002519, while support levels are crucial at $0.00002448 and $0.00002410. A break above the resistance could signal a bullish reversal, whereas breaking below support could intensify bearish trends. $BONK #MemeWatch2024 #SolanaMemeCoins #TrendingPredictions The full analysis and trade strategy were originally posted on ecoinimist.com.
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