Amid the last two months’ sideways trend in the crypto market, the LUNC price has been trading below a horizontal resistance of $0.000185. During this consolidation, the price reverted from this resistance multiple times, indicating the sellers are aggressively defending this level. However, with the recent improvement in market sentiment, the coin price is also following a new rising trendline which is currently supporting the ongoing recovery. Furthermore, the fixed resistance mentioned above and a support trendline reveal the formation ascending triangle pattern.
Key points:
The narrow range inside the triangle pattern can be considered as no trading zone.
A bullish breakout from the pattern’s resistance trendline could shoot the prices 40%
The intraday trading volume in the LUNC coin is $89.5 Million, indicating an 11.2% gain.
Source- Tradingview
In theory, the higher swing highs during the triangle formation indicate the increasing bullish momentum. Thus, following this patt
We współpracy z: https://coingape.com/markets/emerging-bullish-pattern-sets-lunc-price-to-surpass-0-0002-buy-now/
