- In the short-term chart of LUNC, the resistance level of $0.09465 appears as a significant barrier. Hourly closes above this level could carry the upward movement towards $0.09845 and $0.1046 levels.
- However, if the LUNC price fails to surpass the $0.09465 resistance, it could extend the decline towards the $0.08761 support level.
- In the long-term technical chart, if LUNC maintains stability above $0.00008919, it seems to have the potential to rise towards $0.000105 and $0.000113 levels.
When examining the technical chart of LUNC, it can be seen that the $0.09465 resistance level is of critical importance. Breaking or surpassing this level could determine the movement of LUNC price in the near term. Similarly, in the long-term perspective, the performance above $0.00008919 draws attention in terms of the cryptocurrency’s future direction.
Medium-Term LUNC Price Analysis
12-Hour LUNC/USD Price Chart
When examining the 12-hour technical chart of LUNC, it is observed that it moves above the important support level of $0.00008919. If the LUNC price remains above this level, it can achieve an upward movement towards the first target of $0.000105 levels. Additionally, if it makes daily candle closes above the $0.000105 level, the next upward target will be $0.000113.
LUNC investors should closely monitor daily candle closes above the $0.00008919 level for the continuation of the upward movement. Maintaining this support level can indicate LUNC’s desire to continue its upward trend. However, if the LUNC price makes daily candle closes below the $0.00008919 level, it can extend the downward trend to the first support level of $0.00008556 and then to $0.000081 levels.
On the other hand, if the LUNC price makes daily candle closes above $0.000113, it may want to realize the next upward movement towards $0.00015 levels.
It is stated that positive news related to the FTX exchange needs to continue for the continuation of the LUNC’s upward movements. Despite not having a connection with FTX, investors believe that FTX plays an important role in the price of LUNC.
Short-Term LUNC Price Analysis
30-Minute LUNC/USD Price Chart
When examining the short-term technical chart of LUNC, it is observed that it moves close to the important resistance zone of $0.09465. If the LUNC price makes hourly candle closes above the $0.09465 resistance level, it can achieve its upward movement first towards $0.09845 levels and then towards $0.1046 levels.
LUNC investors should carefully monitor the $0.09465 resistance level. If LUNC fails to break the $0.09465 resistance, it can extend the downward movement to the hourly support zone of $0.08761.
Prior to the $0.08761 support, the previous support zone is located at $0.09077 levels. If the LUNC price encounters strong buying pressure from the $0.09077 support, it may want to initiate its upward movement from this zone. However, if the LUNC price makes hourly candle closes below $0.090, it will aim to extend its decline to the $0.08761 levels.
