1000LUNC/USDT Analysis 📊
1000LUNC is showing signs of a potential bullish reversal as it trades near $0.07803, attempting to break out of the falling wedge.
Key Levels to Watch:
Support Zone: $0.05396 - $0.05216 – This range provides a strong support area near the channel’s lower boundary.
Resistance Levels:$0.09580 (PMH) – The immediate resistance to break for a bullish confirmation.
Target Zone: $0.2000 – If a breakout occurs, this could be the longer-term target.
Possible Scenarios:
Bullish Breakout: A breakout above $0.09580 would signal a potential rally toward $0.2000. The price could gain momentum once the upper channel boundary is breached, leading to a bullish trend.
Bearish Continuation: If LUNC fails to break out, it may continue to trade within the falling wedge, potentially retesting support around $0.05396 before another attempt at a breakout.
