LUNC is experiencing a bearish trend on the 4-hour timeframe, with the current price at 0.03718, below the equilibrium level of the recent swing. The most recent high and low are 0.04076 and 0.03678, respectively, with an equilibrium at 0.03877. Indicators such as MACD, Stochastic, and Vortex suggest bearish momentum, though some bullish signals in momentum and RSI hint at a possible short-term bounce.
Critical resistance levels are identified at 0.03798, 0.03997, and 0.04153, while support is found at 0.03686, 0.03606, and a major support at 0.03411. The price remains below both the 20 and 200 EMA, reinforcing the bearish outlook. Traders are advised to watch for potential liquidity grabs around these levels and consider short positions on pullbacks or long positions if a reversal is confirmed.
Finora AI anticipates a retest of resistance areas, with a likely continuation of the bearish trend towards lower support levels. A shift to a bullish bias would require a break and hold above 0.03997 with strong momentum.
LUNC Faces Bearish Trend with Potential for Short-term Bounce
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