#LUNC crypto price is facing strong bearish pressure on the daily technical chart. It is trading below the 20 and 50-day EMAs. The crypto has failed to break above its key resistance levels near the EMAs in the past few months, despite several attempts by bulls.
The crypto is currently trading near $0.000120753, with a marginal gain of 3.80% in the intraday session. The crypto has a potential upside target of $0.000192703, but it needs to overcome the bearish momentum and surge above the 200-day EMA. The crypto has a support level of $0.000106906, which could prevent further downside.
#LUNC price prediction suggests that the crypto is in the firm grip of the bears. The technical indicators favor the bears, projecting a pessimistic perspective for the buyers. RSI and stochastic RSI oscillators are moving near the overbought zone whereas the major EMA lines act as barrier points for LUNC price.
The company’s performance could have been better throughout the year. It returned -12.87% in the year-to-date period, and 47.17% over the last six months, -44.45% last month, and 14.09% last week. This shows a persistent bearish trend that has not reversed yet.
Technical Analysis of #LUNC Crypto Price in 1-D Time Frame
Lunch
Source: LUNC.1D.USD by TradingView
LUNC crypto (USTC:LUNC) is trading under the 50 and 200-day daily moving averages (DMAs), which are not upholding the price trend.
The current value of RSI is 40.35 points. The 14 SMA is above the median line at 44.41 points which indicates that the #LUNC cryptois bearish.
The MACD line is below the signal line heading downward. A bearish crossover is observed in the MACD indicator which signals more bearishness for the LUNC cryptoprice.
