Claim $500Here’s Why LUNC Crypto Price Could Skyrocket In February 2023
The LUNC crypto price showcases a textbook example of ascending triangle pattern in the daily time frame chart. The coin price has tested this pattern’s barrier multiple times, indicating the traders are strictly following this pattern. Thus, with a potential bullish breakout from the $0.0000185 neckline resistance, the prices are well likely to reach their predetermined target of this triangle pattern. Here’s how you can trade this pattern
Key Points:
- The LUNC crypto price has entered a no-trading zone within the triangle pattern.
- A bullish crossover between the 20-and-50 EMA encourages the resumption of recovery.
- The intraday trading volume in the LUNC coin is $105 Million, indicating a 65% gain.
Source- Tradingview
In theory, the emergence of an ascending triangle pattern is a sign of gradual growth in underline bullish momentum. During the pattern formation, the coin price shows a series of higher lows supported by a rising trendline.
Thus, this support trendline should bolster the buyers to breach the pattern’s neckline resistance and trigger a directional rally. By the press time, the LUNC crypto price trades at $0.00017 and continues to wobble between the rising trendline and $0.000185 neckline resistance.
Furthermore, the prices have nearly reached the peak of the triangle indicating the breakout opportunity is near. Therefore, considering the higher possibility, a daily candle closing about the $0.000185 resistance will signal the release of trapped bullish momentum.
Also Read: Explained: What is Physical NFT? and How to Sell Physical Items as NFT
This breakout will offer buyers a suitable footing for a strong recovery rally. Thus, in favorable bullish conditions, the post-breakout rally may surge the LUNC Crypto price 36% high to hit the $0.00025 mark.
On the contrary note, a breakdown below the support trendline will undermine the Bullish thesis.
Technical Indicators
Relative strength index: the daily RSI slope continues to waver above the midline, indicating the market sentiment remains bullish.
Bollinger Band: the upward direction of the Bollinger Bands indicator reflects a sustained recovery in LUNC price.
LUNC Crypto Price Intraday Levels
- Spot rate: $0.000175
- Trend: Bullish
- Volatility: High
- Resistance level- $0.000185 and $0.0002
- Support level- $0.00015 and $0.000125
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Related Articles
- Peter Schiff Warns Bitcoin Could Mirror Silver’s Rise In Reverse
- Trump Declares Tariffs Creating “Great Wealth” as Fed Rate Cut Odds Collapse to 14%
- Grok AI: Post-2020 Gold & Silver Peak Sparked Epic Gains in BTC, NASDAQ, and S&P
- Fed Pumps $2.5B Overnight—Will Crypto Market React?
- Crypto-Based Tokenized Commodities Near $4B Milestone as Gold and Silver Hit Record Highs
- Pi Network Price Holds $0.20 After 8.7M PI Unlock, 19M KYC Milestone-What’s Next?
- XRP Price Prediction Ahead of US Strategic Crypto Reserve
- Ethereum Price Prediction Ahead of the 2026 Glamsterdam Scaling Upgrade – Is $5,000 Back in Play?
- Cardano Price Eyes a 40% Surge as Key DeFi Metrics Soar After Midnight Token Launch
- FUNToken Price Surges After MEXC Lists $FUN/USDC Pair
- Bitcoin Price on Edge as $24B Options Expire on Boxing Day — Is $80K About to Crack?
