LUNC/USDT 4H Analysis
Currently trading within an ascending channel, LUNC/USDT has recently tested the channel’s lower boundary, with the 100 and 200 SMAs nearby providing potential support. The MACD is bearish, with the line below the signal and negative histogram bars, indicating downward momentum. However, the Stochastic Oscillator shows oversold conditions, suggesting a possible bounce from the current level.
If support holds, we could see a reversal toward the upper channel boundary. A break below the channel and moving averages, however, may signal further downside. Key levels to watch: channel support, 100 & 200 SMA, and Stochastic crossover.
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