LUNC has been trending for the past month and has now officially entered the top 100 cryptocurrencies by market cap.After rallying ~150% in the last 3 weeks, momentum is clearly strong. On lower timeframes, there are no clear signs of bearish pressure yet.
However, when zooming out to the weekly timeframe, the trend remains technically bearish until a key resistance zone is breached.
📍 Key Resistance: $0.00015253 – $0.00017913
Strategy:
Right now, it’s a “wait and watch” zone. You can look for buying opportunities on dips, but the real confirmation comes only if the price breaks and closes above the resistance zone — that would signal a full shift to a bullish trend.
Until then, expect volatility and be cautious chasing highs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.