$LUNC
š LUNC/USDT Weekly Technical Analysis
š Current Price: $0.00009261 (+2.21%)
LUNC is currently trading in a neutral range with a slight bullish bias. Hereās what to watch:
ā¢ Moving Averages (EMA): The price is above the 7-period EMA ($0.00008906), but still below the 25-period EMA ($0.00009160). A weekly close above this EMA could signal a bullish breakout.
ā¢ RSI in Neutral Zone: The 6-period RSI is at 55.68, suggesting that the market is neither overbought nor oversold.
ā¢ Stochastic RSI High: At 72.31, close to the overbought zone. Risk of a correction is possible soon.
ā¢ Volume and OBV: High trading volume, but OBV does not indicate significant accumulation.
āļø Conclusion: LUNC is in a consolidation phase. If the price can break above the 25-period EMA, we could see a bullish move. Otherwise, the risk of a correction persists, with key support near $0.00008906.
š Stay tuned for further analysis and developments!
ā ļø This is not financial advice!
