LBLOCK Begins Immediate Recovery After a Slip-up

Lucky Block Price Forecast – August 5

The Lucky Block price forecast is for the market to spark an immediate recovery after it experiences a slip-up below $0.00078000.

LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.00083930, $0.00089540, $0.00111300
Demand Zones: $0.00076050, $0.00078000, $0.0007996
DeFI Coin is looking to begin an immediate recovery after it experienced an unexpected slip-up from a vintage support level at $0.00078000. The market was poised to make a second retest of the support level before the bears exploited a flaw to drive the price lower. The coin acquired more investment as it dropped to the lower support at $0.00064310, and we expect an aggressive upward drive from there.

Lucky Block Price Forecast: LBLOCK/USD Revives Bullishness

The market has seen DEFCUSD embark on a strong uptrend in recent times. The market uptrend peaked on the 22nd of July when the bulls barged into the $0.00111300 resistance, but they were firmly rejected.

The buyers remained persistent, and with the $0.00097160 critical level acting as support, they kept testing the resistance level at $0.00111300. This continued until early August when the market slid down to gain more momentum.

The sellers have now taken advantage of the market to plunge it below the targeted support. But this is even to the advantage of the bulls, who can now drive upward aggressively from $0.00064310.

LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

The 30-min chart shows that the market is trading well below the EMA period 100 (Exponential Moving Average), the same as the 5-minute chart. This means the market has the added task of breaking through the EMA period 100 as it begins to ascend.
Also, the MACD (Moving Average Convergence Divergence) lines have plunged deep below the zero level in both time frames, but it can be seen that the lines have taken a sharp turn upward, and bullish bars are now growing and are evident. DeFI Coin is expected to aggressively push upward, breaking several barriers to reach $0.00111300 and beyond.

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