The post LUNC Price Analysis: Will LUNC Price Skyrocket Upon Breakout? appeared first on Coinpedia Fintech News
With LUNA and LUNC price growing due to the burning events, the buyers are actively increasing the demand. The sharp increase in the market over the last few days has created waves in the crypto market.
With new buyers ready to join in on the FOMO rally, LUNC price might face multiple oppositions ahead.
The LUNC coin price has been on a massive downtrend after the fiasco, crashing below various support levels. The lower high formations struggled to find a strong footing and drove the generation of a resistance trendline on the daily chart.
However, the recent consolidation at $0.00005276, followed by a gradual increase in demand, breaks the resistance trendline. Moreover, this week’s bullish surge of 11% may soon form a rounding bottom pattern with a neckline at $0.00007641. The overall price trend shows a remarkable increase in demand for LUNC prices over the week.
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